RegTech · Market surveillance · Brazil

The Brazilian market is going multi-venue. Your surveillance should, too.

MS Trade uses artificial intelligence and machine learning to supervise trading across every exchange and trading venue in the Brazilian market — in a single consolidated view, aligned with the regulatory principles of the CVM, the Central Bank, and COAF.

The platform

A single view over a fragmented market

As new exchanges and trading venues arrive in Brazil, liquidity fragments — and abusive conduct begins to cross venues. MS Trade consolidates the feeds from every exchange into a single surveillance engine, so nothing slips through the gaps between markets.

Consolidated capture

Real-time ingestion of trade, order, and post-trade data from multiple exchanges, normalized into a single audit trail.

Intelligent detection

Machine learning models identify abusive patterns with fewer false positives than static rules, prioritizing what truly matters.

Case management

Alerts become investigations with full context: cross-venue timelines, and regulator-ready reports.

Regulatory pillars

Built on the principles of the regulators

CVM

Brazilian Securities and Exchange Commission

Detection of inequitable practices and market manipulation in line with CVM Resolution and the self-regulation framework. Complete audit trails for every alert generated.

BACEN

Central Bank of Brazil

Surveillance aligned with the Central Bank's prudential and integrity principles for financial market infrastructures, FX, and derivatives.

COAF

Council for Financial Activities Control

Monitoring of money laundering and terrorist financing patterns (AML/CFT), with intelligent case prioritization and support for suspicious activity reporting.

AI & Machine Learning

What our models see

Every trading event is evaluated by models trained on market-abuse and AML/CFT typologies — with explainability on every alert, because surveillance demands justification, not a black box.

Spoofing & layering

Layers of orders with no intent to execute, detected across distinct exchanges.

Wash trades

Trades with no effective change of beneficial ownership, even when fragmented across venues.

Front running

Anticipation of client orders identified through sequential order-flow analysis.

Insider trading

Anomalous trading patterns ahead of material events, scored by ML.

Cross-market abuse

Manipulation that uses one exchange to move prices on another — invisible to anyone monitoring a single venue.

AML/CFT

COAF typologies applied to trading, settlement, and custody flows.

New opportunities

The multi-venue era is an opportunity — for those who are ready

Competition between exchanges means more products, lower costs, and more innovation for the Brazilian market. But it also means that single-venue surveillance is no longer enough.

Incoming exchanges, self-regulators, brokers, and participants that adopt consolidated surveillance from day one turn compliance into a competitive advantage: smoother regulatory approval, investor trust, and demonstrable market integrity.

Let's explore together
  • Incoming exchanges and venues that need robust market surveillance from their very first trading session.
  • Self-regulators that gain visibility into conduct crossing venues.
  • Brokers and dealers that want to monitor client flow across every exchange where they operate.
  • Asset managers and institutional participants that need to evidence good trading practices.

Ready to see the entire market?

Talk to our team and see a demonstration of MS Trade's multi-venue surveillance with Brazilian market data.

contato@mstrade.com.br