Once traders move into live markets, their every keystroke is monitored in real time by Select Vantage’s surveillance system, which is integrated with our market-data and trading platform.
The system is designed to detect suspicious patterns and behavior, from unusually high winning (or losing) percentages and order fill rates to order-cancellation activity that might indicate attempted market manipulation.
One module identifies and internally matches offsetting orders from different traders, to prevent wash sales. And our trading platform will automatically cut off traders who exceed risk limits from initiating new positions.
Once certain loss ratios are hit and time limits for turning them around are exceeded, our systems automatically close those traders’ positions.
Daniel Schlaepfer is the President and CEO of Select Vantage Inc (SVI), and its affiliates Select Vantage Canada Inc, Select Vantage Ontario Inc and Elite Vantage Placement Ltd. SVI is a global leader in electronic market-making, employing over 2,500 staff in 39 countries. On any given day, the firm can trade over US$3 billion a day on global stock markets.
Educated in Canada, Daniel received an MBA from the John Molson School of Business, Goodman Institute of Investment Management at Concordia University, and a Bachelor of Commerce from the Rotman School of Management at the University of Toronto. He is a CFA charter holder and passed the FINRA series 7 and 24 exams as well as CSI courses, CSC and PDO.
In 2019 Daniel was named to Canada’s Top 40 under 40 list and Concordia University’s Top 50 under 50 alumni shaping business in Canada. He is also a serving member of the Ontario Securities Commission’s Market Structure Advisory Committee (MSAC), a forum that discusses issues associated with market structure and marketplace operations in the Canadian markets.