inappropriately using personal dealing accounts, including spread betting
Individual may trade on their personal accounts following receipt of insider information or confidential information to front run orders.
Effective implementation of surveillance alerts for personal account dealing requires capturing the following trade data:
client order data
personal account trade data
Firms should capture employee personal account trading records and use them in detection of inappropriate trading. Since it is impossible to ensure that employees disclose all private accounts, surveillance of communication channels is required to capture attempts and passing orders to or accessing undisclosed private dealing platform.