Eventus sees 20-30 European clients in 12 months

US surveillance firm Eventus Systems plans to multiply its European client base over the next 12 months to as many as 30 clients after it signed on Tuesday INTL FCStone’s European arm.

Eventus has said it already has some clients in Europe but it wants its regional client list to increase significantly over the next year as the firm moves aggressively into the market.

Scott Schroeder, Global Head of Sales at Eventus Systems, told Global Investor: “We would anticipate having 20 to 30 clients based in the region in the next 12 months. As we cover all asset classes, we’re targeting the full range of clients that Eventus serves, from tier-1 and other banks, to brokerages, FCMs, clearing firms, trading firms, exchanges, buy-sides and corporates.”

Schroeder said the firm has a good pipeline of leads in Europe “particularly with firms trading on the LME (London Metal Exchange)” and is also building a local team.

“We’ve made two significant hires in London in the past few months and expect to have five employees on the ground by the end of the year, expanding both the sales and operations teams.”

Jeff Gale, a former Icap broker and CurveGlobal consultant, joined Eventus in London on June 1 as its sales director for EMEA.

The comments came after the Austin, Texas-based surveillance and risk firm signed the European arm of US broking giant INTL FCStone.

The firms said on Tuesday the London-based European subsidiary of Fortune 500 broker will deploy the firm’s Validus platform for market surveillance activities throughout the Europe, Middle East and Africa (EMEA) region.

INTL FCStone started using Validus in the US last year so the announcement represents an extension of an existing agreement as well as an expansion to cover more products and asset types, the firms said in a statement.

Alexander Culley, chief compliance officer, EMEAA  (Europe, the Middle East, Africa and Asia) at INTL FCStone, said: “Our colleagues in the US have been extremely pleased with the ability to customise alerts as well as the performance and flexibility of the Validus platform – not only as it relates to US trading venues but also in the European markets traded by US clients.”

Culley added: “We only began discussions in the past seven to nine weeks but are already planning to go live in July so implementation has been very quick out of the blocks.”

The Austin, Texas-based firm raised in February $10.5 million (£8m) of funding, prompting chief executive Travis Schwab to say the firm planned to double its headcount.