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Surveillance and archiving: a buyer's guide
What we list in this category, where each entry came from, and the questions worth pressing on before you commit.
Every entry below was recorded from a page we opened, and each carries the source we read. Where we could not establish something it is left blank rather than guessed. Read how this site works if you want the detail.
What we list
Every product we hold in this category, in one list. A supplier that has run in production for twenty years and one that launched last year appear together and carry the same fields, because that is the comparison a buyer has to make. Each entry's founding year and owner are on its company page where the company states them, and both bear on continuity: long service is evidence a supplier will still be there, and a young supplier may offer capability and pricing the incumbents do not while carrying fewer references at your size.
- Archive Intel — Contextual-AI archiving and supervision of text, email, LinkedIn, social and chat aimed at SEC- and FINRA-regulated advisers. source
- Behavox Quantum — AI communication surveillance across voice and text in 50+ languages; Behavox also sells Polaris trade surveillance and Intelligent Archive. source
- CMC:eSuite — Capital markets compliance modules for market abuse, insider compliance, trade surveillance, best execution and a global control room. source
- ComplianceAlpha eComms Capture, Archive and Surveillance — Ingests 85+ communication channels for archiving and AI surveillance; ACA sells a separate Market Abuse Surveillance module on the same platform. source
- Compliancentral — End-to-end suite covering holistic conduct surveillance, communication surveillance, digital communication archiving and markets surveillance. source
- Federation — Connects Symphony to WhatsApp and other mobile channels so that client conversations on those channels run inside the firm's compliance controls. source
- Global Relay Archive — Compliant capture and archiving of email, chat, voice and WhatsApp, with a surveillance module and its own compliant messaging App. source
- Greenboard — Compliance system for SEC and FINRA workflows covering communications archiving, marketing review, firm compliance and employee supervision for RIAs, hedge funds and private funds. source
- HALO — Trade surveillance, transaction monitoring and execution quality built first for digital assets and now sold into traditional finance. source
- Hadrius — Y Combinator-backed compliance system of record for RIAs, broker-dealers and private funds: comms supervision, marketing review, trade and personal-trading oversight. source
- Kaiko Market Data — Digital asset market data feeds, fair value pricing, indices and surveillance for institutions and regulators; the homepage announces that Kaiko has acquired Amberdata. source
- LSEG Regulatory Reporting Solutions — Post-trade reporting services covering EMIR and MiFID, sold alongside MiFID trade surveillance. source
- LeapXpert — Lets staff message clients on WhatsApp, WeChat, iMessage, Telegram and Signal while capturing and archiving the business content. source
- MAST Trade Surveillance — Detects market manipulation using front-office market risk and market impact models rather than rule thresholds. source
- MirrorWeb Insight — Archiving and supervision for email, SMS, WhatsApp, Zoom and LinkedIn plus website archiving, with a supervision agent called Mira. source
- MyComplianceOffice — Compliance platform covering employee personal trading, gifts and political contributions, electronic communications archive and review, trade surveillance, insider and MNPI control, and third-party risk. source
- Nasdaq Trade Surveillance (SMARTS) — Automated capture and market abuse monitoring for trade compliance, sold to exchanges, brokers and buy-side firms. source
- OneTick Best Execution and TCA — Best execution and TCA built on the OneTick tick-data platform, sold within the OneTick RegTech suite alongside trade and market surveillance. source
- PATH AI — Regulatory platform bundling trade surveillance, eComms monitoring and archiving, best execution and EMIR/MiFIR transaction reporting. source
- Polaris Platform — MAP FinTech's Polaris platform, now the transaction reporting arm of Complyport, files EMIR, EMIR REFIT, MiFIR, SFTR, ASIC, MAS and CSA reports. source
- Red Oak — Compliance software for RIAs and broker-dealers covering advertising review and communications surveillance. source
- SaifrReview — Uses AI to review marketing material, electronic communications and adverse media for financial services compliance teams. source
- Shield Communications Compliance Platform — AI eComms surveillance, supervision, archiving and eDiscovery; modules named Shield Archive, Discover, Surveillance and Supervision. source
- Smarsh Platform (Capture, Archive, Surveillance, Discovery) — Captures email, mobile, voice, social and collaboration channels into a cloud archive with AI surveillance and eDiscovery on top. source
- StarCompliance — Employee compliance software covering personal account dealing, conflicts of interest, gifts, outside activities and MNPI control rooms. source
- SteelEye Compliance Platform — Single data platform combining trade surveillance, communications surveillance, WORM archiving and trade reconstruction for buy-side firms. source
- Surveyor — Trade surveillance and best execution analytics sold to hedge funds, asset managers, prop firms and brokers, with cross-product manipulation detection. source
- Symphony Messaging — Secure messaging and workflow software for financial markets, used by eight of the ten largest asset managers by assets under management according to the company's own figures. source
- TT platform — Multi-asset trade lifecycle platform for futures and options, fixed income, FX and crypto with algos, OMS, TCA and surveillance. source
- Theta Lake Unified Capture and Archiving — Captures, archives and risk-scores video meetings, voice and chat from Zoom, Teams, Webex and RingCentral through 100+ API integrations. source
- Validus — Multi-asset trade surveillance, algo monitoring and market risk platform, with a Frank AI assistant for alert investigation. source
- VoxSmart Mobile Capture and Communication Surveillance — Captures and archives mobile calls, voicemail, SMS and instant messages, with NLP surveillance and trade reconstruction on top. source
What to ask
These come from the same question bank our request-for-proposal process uses, so a guide and an RFP never drift apart. The four sections below carry the most weight in that bank.
Functional fit
Whether the system does the job for YOUR instruments, markets and volumes — not for the demonstration portfolio. The questions separate what runs in production today from what is on the roadmap, because that distinction disappears in a sales meeting and reappears during implementation. It also asks what still has to be typed in by hand, which every system has and few volunteer.
- Which asset classes does the product support in production today?
- Is there a full audit trail of who changed what and when, and can it be exported?
- Does the system enforce segregation of duties between front and back office?
- Is maker-checker approval supported on material actions, and is it configurable by action type?
- Can a valuation be sourced and approved independently of the people who trade?
Security and resilience
Whether the vendor's security is independently attested or merely asserted. The questions ask for certifications you can read, penetration tests you can see the summary of, and recovery objectives that are written down. Incident history is asked directly, because a vendor that has handled a breach well is often a safer choice than one that has never been tested.
- Which independent attestations do you hold currently?
- Will you provide the most recent report under a non-disclosure agreement?
- Is data encrypted in transit and at rest?
- Is single sign-on supported, and is multi-factor authentication enforced?
- Can your own staff see our data, and is that access logged and reviewable by us?
Compliance and regulatory
Whether the system stands up to your regulator and your auditor. Covers the reporting regimes the product supports directly, whether it can evidence who saw or changed a record, how long records are retained, and where in the world your data physically sits — which is a hard constraint for many firms rather than a preference.
- Can the system evidence to an auditor who saw or changed a given record, and when?
- In which jurisdictions is our data stored and processed?
- Are there any pending criminal matters or debarment proceedings involving the firm, its officers or its managers?
- Which regulatory reporting regimes does the product support directly?
- When a regime changes, is the update included in the licence or charged separately?
Clients and references
Whether they have done this for a firm like yours, and whether those firms stayed. Vendors present client counts and logos readily; they present ATTRITION reluctantly, which is why this section asks for clients lost and migrations completed as separate questions from clients won. Size fit decides more failed implementations than feature lists do, so it is asked directly.
- How many client firms use this product in production today?
- How many of those are of a similar type to our firm?
- How many are within our assets-under-management band?
- How many clients did you LOSE in each of the last three years?
- How many implementations begun in the last three years were abandoned before go-live?
You can send all 167 of these questions to the vendors you choose, and get every answer back side by side. Run an RFP — it is free to you and free to them.
See all 32 products in Surveillance and archiving · Glossary