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Rogue Traders Beware: NICE Systems Is Watching

 May 13, 2008 08:44 AM UTC
Return Risk
-3.26% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
NICE Positive 05/13/08 -5.83% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Remember the 80’s Hall and Oates classic ‘Private Eyes?’<!----> Who can forget such powerful lyrics:

Private eyes, they’re watching you, they see your every move. Private eyes, they’re watching you. Private eyes, they’re watching you, watching you, watching you, watching you.


Well, flash forward 27 years to see just how right they were. If you happen to be a proprietary trader or stockbroker, and you are thinking about becoming a famous rogue trader, think again. While you may get famous and bring down a huge bank like Societe Generale (SCGLY.PK), your chances of landing in prison just increased. Why? Because of Israeli ingenuity. Actimize, a NICE Systems (NICE) company has launched a surveillance product for rogue trading detection.


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