Intermarket Surveillance Information System - ISIS
The Intermarket Surveillance Information System was developed in order to counter the possibility of fraudulent trading, since a database open to the public sheds light on trades that may be spurious or based on insider information. Regulators are able to set up alarms that can be tripped if certain transactions occur relating to specific securities, and then audit the transaction trail in order to determine if something is amiss.
Investment dictionary. Academic. 2012.
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