Remember the 80’s Hall and Oates classic ‘Private Eyes’? Who can forget such powerful lyrics:  ”Private eyes They’re watching you They see your every move Private eyes They’re watching you Private eyes They’re watching you watching you watching you watching you.”

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Well flash forward 27 years. How right they were. If you happen to be a proprietary trader or stockbroker, and you are thinking about becoming a famous rogue trader, think again. While you may get famous and bring down a huge bank like Societe Generale, you chances of landing in prison just increased. Why? Because of Israeli ingenuity.  Actimize, a NICE Systems (NICE) company has launched a surveillance product for rogue trading detection.

The company worked with financial institutions to develop a product that meets the needs of the firms.

“In response to regulatory pressure and rogue trading events in early 2008, large firms around the world are reviewing their systems and risk management processes,” said Axel Pierron, senior vice president at Celent. “Solutions, such as Actimize’s, that provide a centralized view of trading activities supervision as well as employee surveillance are clearly matching the current needs for ‘rogue trading’ prevention solutions in the financial industry.”

Long-term investors may want to  take a long look at NICE. With a continued focus on tracking money flows, even if we see a slowdown in IT spending in the financial services industry, NICE may not see that slowdown. In many cases this is becoming required spending, and slowdown or not, NICE’s product suite will be in demand. Coupled with continued strong EPS growth, NICE, potentially, maybe an interesting long-term play.

Forget about any monkey-business,  They’re watching you watching you watching you watching you …