BizPro

BizPro is a leading transactions monitoring tool solution for the monitoring of commodity markets and the detection of suspicious market abuse conducts.

Several leading energy companies already rely on it.

BizPro is able to detect MAR and REMIT market abuse practices through 24 specific algorithms working on DAM auction markets (EPEX, GME&PCE) and continuous trading markets on more than 10 Exchanges and 25 Brokers including DMA activities (Trayport, ICE POF, EPEX M7/XBID, ETRM).

Each trade surveillance rule in BizPro applies to every single product traded during the day and analyses all orders and trades by all market participants.

The tool provides an “end-to-end” automated process from data source to reporting and case management workflow.

BizPro includes extensive interactive data analytics tools for continuous and auction data visualization, download and drill-down, allowing the analysis of suspicious market abuse behaviours in the overall market context.

Check our Presentation

BizPro is not just a tool, Bizpro is a reality in the market.
Watch our presentation and look at the advantages and the opportunities of our product.

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The Advantages of Bizpro

BizPro  is a strong related product which thanks to its   4 unique advantages it could be considered one of the best products for the dedicated market. 

Designed for Commodities
Specifically developed considering the distinctive features of products and markets for a wide variety of commodities (Gas, Power, Emissions, Coal Indices, Oil Indices, LNG) traded on the European spot and derivatives markets.
Advanced pattern Identification Rules
Equipped with specific algorithms for the different market abuse behaviours
 described in the MAR and REMIT Regulations, result of a continuous R&D collaboration of a Protiviti dedicated team with major energy companies’ compliance officers, risk managers and commodity traders.
Transparent approach and Knowledge sharing
Completely transparent to the customer, in terms of inspection rules, thresholds and data availability. Opportunity for all customers to participate to periodic panel discussion aimed at training the management on BizPro alerts analysis, discuss real market abuse fines and share new features.
User Friendly Solution
The tool provides an “end-to-end” automated process from data source to reporting and case management workflow. Includes a user-friendly web interface with extensive data analytics functionalities for alert investigation. Solution with negligible IT impacts and cloud/on-premises options for the installation.

The Advantages of Bizpro

BizPro  is a strong related product which thanks to its   4 unique advantages it could be considered one of the best products for the dedicated market. 

Designed for Commodities
Specifically developed considering the distinctive features of products and markets for a wide variety of commodities (Gas, Power, Emissions, Coal Indices, Oil Indices, LNG) traded on the European spot and derivatives markets.
Advanced pattern Identification Rules
Equipped with specific algorithms for the different market abuse behaviours described in the MAR and REMIT Regulations, result of a continuous R&D collaboration of a Protiviti dedicated team with major energy companies’ compliance officers, risk managers and commodity traders.
Transparent approach and Knowledge sharing
Completely transparent to the customer, in terms of inspection rules, thresholds and data availability. Opportunity for all customers to participate to periodic panel discussion aimed at training the management on BizPro alerts analysis, discuss real market abuse fines and share new features.
User Friendly Solution
The tool provides an “end-to-end” automated process from data source to reporting and case management workflow. Includes a user-friendly web interface with extensive data analytics functionalities for alert investigation. Solution with negligible IT impacts and cloud/on-premises options for the installation.

Get involved in the Commodity Trading Network

BizPro is not just a Tool, it’s a network of companies and professionals in the energy and utilities sector that shares information and suggestions related to the market, according to the benchmark of European best practices.
By choosing BizPro for your business you will have access to periodic training courses sessions focused on market abuse, organized with all our customers to share and exchange insights, tips and real case studies always with the technical support of expert consultants ready to help your business within every criticality.

Abusive patterns inpected through dedicated algorithms

Entering into arrangements for the sale or purchase of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, where there is no change in beneficial interests or market risk or where beneficial interest or market risk is transferred between parties who are acting in concert or collusion.

Transactions carried out as a result of the entering of buy and sell orders to trade at or nearly at the same time, with very similar quantity and similar price, by the same party or different but colluding parties.

Moving the bid-offer spread to and/or maintaining it at artificial levels, by abusing of market power.

Entering orders to trade which increase the bid (or decrease the offer) for a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, in order to increase (or decrease) its price.

Entering large number of orders to trade and/or cancellations and/or updates to orders to trade so as to create uncertainty for other participants, slowing down their process and/or to camouflage their own strategy.

Entering small orders to trade in order to ascertain the level of hidden orders and particularly to assess what is resting on a dark platform.

Taking of a short position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and then undertaking further selling activity and/or disseminating misleading negative information about the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances with a view to decreasing the price of the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, by the attraction of other sellers. When the price has fallen, the position held is closed.

Entering orders to trade or a series of orders to trade, or executing transactions or series of transactions, likely to start or exacerbate a trend and to encourage other participants to accelerate or extend the trend in order to create an opportunity to close out or open a position at a favorable price.

Entering of orders which are withdrawn before execution, thus having the effect, or which are likely to have the effect, of giving a misleading impression that there is demand for or supply of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances at that price.

Executing orders to trade, or a series of orders to trade, in order to uncover orders of other participants, and then entering an order to trade to take advantage of the information obtained.

Buying or selling of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, deliberately, at the reference time of the trading session (e.g. opening, closing, settlement) in an effort to increase, to decrease or to maintain the reference price (e.g. opening price, closing price, settlement price) at a specific level.

Submitting multiple or large orders to trade often away from the touch on one side of the order book in order to execute a trade on the other side of the order book. Once the trade has taken place, the orders with no intention to be executed shall be removed.

Transactions or orders to trade carried out in such a way that obstacles are created to the financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, with prices falling below, or rising above a certain level, mainly in order to avoid negative consequences deriving from changes in the price of the financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances.

Entering into orders to trade or engaging in a transaction or series of transactions which are shown on a public display facility to give the impression of activity or price movement in a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances.

Taking of a long position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and then undertaking further buying activity and/or disseminating misleading positive information about the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances with a view to increasing the price of the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, by the attraction of other buyers. When the price is at an artificial high level, the long position held is sold out.

Taking advantage of the significant influence of a dominant position over the supply of, or demand for, or delivery mechanisms for a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, in order to materially distort, or likely to distort, the prices at which other parties have to deliver, take delivery or defer delivery in order to satisfy their obligations.

Actions undertaken by persons that artificially cause prices to be at a level not justified by market forces of supply and demand, including actual availability of production, storage or transportation capacity, and demand: this is for example the practice where a market participant decides not to offer on the market all the available production, storage or transportation capacity, without justification and with the intention to shift the market price to higher levels, e.g. not offering on the market, without justification, a power plant whose marginal cost is lower than the spot prices, misusing infrastructure, transmission capacities, etc., that would result in abnormal high prices.

Entering into arrangements for the sale or purchase of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, where there is no change in beneficial interests or market risk or where beneficial interest or market risk is transferred between parties who are acting in concert or collusion.

Transactions carried out as a result of the entering of buy and sell orders to trade at or nearly at the same time, with very similar quantity and similar price, by the same party or different but colluding parties.

Moving the bid-offer spread to and/or maintaining it at artificial levels, by abusing of market power.

Entering orders to trade which increase the bid (or decrease the offer) for a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, in order to increase (or decrease) its price.

Entering large number of orders to trade and/or cancellations and/or updates to orders to trade so as to create uncertainty for other participants, slowing down their process and/or to camouflage their own strategy.

Entering small orders to trade in order to ascertain the level of hidden orders and particularly to assess what is resting on a dark platform.

Taking of a short position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and then undertaking further selling activity and/or disseminating misleading negative information about the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances with a view to decreasing the price of the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, by the attraction of other sellers. When the price has fallen, the position held is closed.

Entering orders to trade or a series of orders to trade, or executing transactions or series of transactions, likely to start or exacerbate a trend and to encourage other participants to accelerate or extend the trend in order to create an opportunity to close out or open a position at a favorable price.

Entering of orders which are withdrawn before execution, thus having the effect, or which are likely to have the effect, of giving a misleading impression that there is demand for or supply of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances at that price.
.

Executing orders to trade, or a series of orders to trade, in order to uncover orders of other participants, and then entering an order to trade to take advantage of the information obtained.

Buying or selling of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, deliberately, at the reference time of the trading session (e.g. opening, closing, settlement) in an effort to increase, to decrease or to maintain the reference price (e.g. opening price, closing price, settlement price) at a specific level.

Submitting multiple or large orders to trade often away from the touch on one side of the order book in order to execute a trade on the other side of the order book. Once the trade has taken place, the orders with no intention to be executed shall be removed.

Transactions or orders to trade carried out in such a way that obstacles are created to the financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, with prices falling below, or rising above a certain level, mainly in order to avoid negative consequences deriving from changes in the price of the financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances.

Entering into orders to trade or engaging in a transaction or series of transactions which are shown on a public display facility to give the impression of activity or price movement in a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances.

Taking of a long position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and then undertaking further buying activity and/or disseminating misleading positive information about the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances with a view to increasing the price of the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, by the attraction of other buyers. When the price is at an artificial high level, the long position held is sold out.

Taking advantage of the significant influence of a dominant position over the supply of, or demand for, or delivery mechanisms for a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, in order to materially distort, or likely to distort, the prices at which other parties have to deliver, take delivery or defer delivery in order to satisfy their obligations.

Actions undertaken by persons that artificially cause prices to be at a level not justified by market forces of supply and demand, including actual availability of production, storage or transportation capacity, and demand: this is for example the practice where a market participant decides not to offer on the market all the available production, storage or transportation capacity, without justification and with the intention to shift the market price to higher levels, e.g. not offering on the market, without justification, a power plant whose marginal cost is lower than the spot prices, misusing infrastructure, transmission capacities, etc., that would result in abnormal high prices.

Reporting & Data Analytics

BizPro daily processes all orders and trades by all market participants, applying each surveillance rule to every single product traded during the day. The objective of these analysis is the detection of potential abusive conducts, as defined in MAR and REMIT Regulations.
In case of suspicious behavior detection, the software generates specific alerts, creates the related .pdf reports and notifies them by e-mail. Alert reporting is designed in order to provide all the information about the potential manipulation practice identified by BizPro.
BizPro web interface also provides the user with extensive interactive data analytics tools for market data drill-down and alert investigation, allowing the analysis of suspicious trading behavior in the overall market context.
Each alert generated as a result of the monitoring activity, must be investigated in order to understand its underlying causes. The software interface includes a section dedicated to alert management and provides graphic representations of alerts generated for each manipulative pattern.

bizpro
bizpro

Reporting & Data Analytics

BizPro daily processes all orders and trades by all market participants, applying each surveillance rule to every single product traded during the day.
The objective of these analysis is the detection of potential abusive conducts, as defined in MAR and REMIT Regulations.
In case of suspicious behavior detection, the software generates specific alerts, creates the related .pdf reports and notifies them by e-mail.
Alert reporting is designed in order to provide all the information about the potential manipulation practice identified by BizPro.
BizPro web interface also provides the user with extensive interactive data analytics tools for market data drill-down and alert investigation, allowing the analysis of suspicious trading behavior in the overall market context.
Each alert generated as a result of the monitoring activity, must be investigated in order to understand its underlying causes.
The software interface includes a section dedicated to alert management and provides graphic representations of alerts generated for each manipulative pattern.

bizpro
bizpro

Infographic

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Infographic

Download BizPro Infographic to learn more about how the software works.

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