# SteelEye **Source:** https://geo.sig.ai/brands/steeleye **Vertical:** RegTech **Subcategory:** Trade Surveillance **Tier:** Emerging **Website:** steel-eye.com **Last Updated:** 2026-04-14 ## Summary Trade surveillance and compliance monitoring platform for financial services, London UK, raised $25M+. Covers MiFID II, EMIR, and communications surveillance requirements. ## Company Overview SteelEye is a London, United Kingdom-based regulatory technology company founded in 2017 that provides a cloud-native trade surveillance, communications monitoring, and regulatory reporting platform for financial services firms. The company has raised over $25 million and serves broker-dealers, investment managers, and trading firms primarily in the UK and Europe, helping them meet the compliance obligations imposed by MiFID II, EMIR, MAR (Market Abuse Regulation), and related UK FCA requirements.\n\nSteelEye's platform aggregates trading data and communications — including voice, email, chat, and instant messaging — into a unified data environment that supports surveillance, investigation, and regulatory reporting workflows. The system applies behavioral analytics and rule-based alerts to detect potential market abuse, front-running, spoofing, and other prohibited trading behaviors across equities, fixed income, and derivatives markets. Compliance teams use SteelEye's investigation workflow tools to review alerts, document findings, and escalate cases.\n\nThe company differentiates from legacy trade surveillance incumbents through its cloud-native architecture, which offers faster deployment, lower total cost of ownership, and more flexible data ingestion than on-premise surveillance systems. SteelEye's communications surveillance capability is increasingly important as regulators scrutinize off-channel communications and messaging app usage by traders. The company competes with NICE Actimize, Nasdaq Surveillance (formerly Smarts), and Behavox in the trade surveillance and market conduct monitoring market. ## Frequently Asked Questions ### What regulations does SteelEye help financial firms comply with? SteelEye supports compliance with MiFID II best execution and transaction reporting, EMIR trade reporting, UK MAR market abuse surveillance, and FCA communications monitoring requirements. ### Does SteelEye monitor electronic communications as well as trades? Yes, SteelEye's platform ingests and surveils electronic communications including email, Bloomberg Chat, Symphony, and voice recordings alongside trade data, providing a unified view for market abuse detection and investigation. ### How is SteelEye different from legacy trade surveillance systems? SteelEye is built as a cloud-native platform that offers faster deployment, lower infrastructure cost, and more flexible data ingestion compared to traditional on-premise surveillance systems that require substantial hardware investment. ### What is SteelEye and what compliance problems does it solve? SteelEye is a trade surveillance and communications compliance platform for financial services firms, providing tools for monitoring trading activity for market abuse, recording and archiving electronic communications, and managing compliance with MiFID II, Dodd-Frank, EMIR, and other financial market regulations. ### How does SteelEye's trade surveillance work? SteelEye analyzes trading data from multiple venues and asset classes in near real time, applying alert scenarios for potential market abuse behaviors including layering, spoofing, front-running, and wash trading, then correlating trade alerts with communications to provide compliance officers with the full picture needed to investigate. ### What communications compliance capabilities does SteelEye provide? SteelEye captures and archives electronic communications across email, instant messaging, voice calls, mobile messaging, and collaboration platforms, applying surveillance filters to flag policy violations and providing a searchable, tamper-proof archive that satisfies MiFID II and FINRA recordkeeping requirements. ### How does SteelEye use AI to improve compliance investigations? SteelEye uses natural language processing and machine learning to analyze the content of communications alongside trade data, identifying suspicious patterns, sentiment indicators, and keyword matches that help compliance teams prioritize alerts and conduct more efficient investigations. ### Who uses SteelEye and in what regulatory jurisdictions? SteelEye serves broker-dealers, investment managers, banks, and trading firms primarily in the UK, EU, and US, helping them meet regulatory obligations imposed by the FCA, ESMA, SEC, and CFTC for market surveillance and communications recordkeeping. ## Tags fintech, saas, b2b, platform, enterprise, europe, analytics, security, insurance --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*