Case Study: a stock exchange company achieves real-time fraud detection with WSO2 Data Analytics Server

WSO2 Helps Safeguard Stock Exchange via Real-Time Data Analysis and Fraud Detection

The Asia based stock exchange, the only stock exchange in its country, faced the challenge of detecting sophisticated stock market manipulation and fraud in real time amidst thousands of daily transactions. To preserve a fair market and safeguard investors, they engaged WSO2 to develop an alternative surveillance solution using the WSO2 Data Analytics Server (WSO2 DAS).

WSO2 implemented a real-time analytics system that processes data streams for trades, announcements, and closing prices to identify fraudulent patterns like pump-and-dump, front running, and insider dealing. The WSO2 solution successfully analyzes over 79,000 events per second with sub-second latency, generating alerts for investigators. The stock exchange praised WSO2's high level of professionalism and confidentiality, and the project resulted in a generalized fraud detection solution now available for any stock market application.