Behavox Quantum Provides Complete Coverage of Compliance Risks Across Energy and Mining Sectors

Behavox, the security software company using the application of Artificial Intelligence for monitoring of text and voice communications, announced that its flagship product Behavox Quantum now provides complete coverage of compliance risks for Commodities across Energy and Mining.

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“It’s great that Behavox provides core Market Abuse coverage but also understands our business as well.” Head of Compliance Communications Surveillance, Global Mining Company.

With the increase in regulatory activity and fines targeting commodity trading firms, Behavox Quantum offers comprehensive coverage for risks like benchmark and index manipulation, abusive squeezes, including transmission capacity hoarding, ramping, among others.

Behavox focuses on providing its Commodity trading clients with an AI driven approach that has proven to be 40x more effective at detecting true positives than lexicon based solutions. All Commodities risk policies are tailored by subject matter experts to incorporate language specific to each domain.

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“It’s great that Behavox provides core Market Abuse coverage but also understands our business as well.” Head of Compliance Communications Surveillance, Global Mining Company.

Having worked with leading Commodities trading institutions since 2017, Behavox has acquired a wealth of experience and expertise in the area as well as its customer base. “We found it imperative to build a dedicated set of Risk detection algorithms for our growing commodity trading clients base and to meet the increasing regulatory focus” said Nicolas Duke, Head of Subject Matter Expertise at Behavox.

Behavox in partnership with Glencore and its other commodities trading clients are hosting a dedicated roundtable in London on April 18th. The event will be dedicated to electronic communication surveillance in Commodities and will be moderated by Justin Nathan, Head of Surveillance at Glencore.

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