Built on the Apama platform, it’s called the Detica Market Surveillance Accelator. Designed as a sift, to survey all trades booked in a system for bad and/or illegal behavior, detect errors, and to aid in development of a more proactive support model.

In light of the Société Générale debacle, I expect to see more of these in development. Apama strikes me as a near-ideal match for this kind of application.