Spotware launches cAntifraud, enabling brokers and proprietary trading firms to share fraud alerts

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Spotware has launched the cAntifraud anti-fraud service, bringing anonymized data from brokers and proprietary trading firms into a single network. After one institution flags a threat trader, other members will receive an alert. The service costs $999 per month, while firms that join by December 31 can lock in a rate of $250 per month for 12 months. Spotware says it can keep fraud below 0.08% of turnover and flag suspicious activity within 15 minutes. The system connects to platforms including MT5 via API, but does not ban traders or decide whether to make payments.