Friedman, Billings, Ramsey Group to use i-flex Solutions Ltd's Mantas Trading Compliance Solution

i-flex Solutions Ltd has announced that Mantas Inc., a business of the Company and a provider of regulatory compliance, loss prevention and revenue generation solutions, on January 09, 2007 announced that Friedman, Billings, Ramsey & Co., Inc., an operating subsidiary of Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR), will implement Mantas Trading Compliance Solution for use in its equities group. Founded in 1989, FBR is a top ten investment bank with a national franchise and one of the strongest equities distribution capabilities in the securities industry1.

"Financial institutions of all sizes are looking for enterprise-wide solutions that address current and evolving regulations regarding broker surveillance, trading compliance, anti-money laundering and other crucial purposes," said S Ramakrishnan, CEO of Mantas. "Solutions based on our award-winning Mantas Behavior Detection Platform are designed to adapt to new regulations and threats - and that's a key factor for many clients."

Source : Equity Bulls

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