FECG (Fetal Electrocardiogram) signal convey information in making timely decisions during pregnancy. It is very important to extract and detect the FECG signal from a composite maternal abdominal signals for task of fetal monitoring. We implement adaptive filters for the task of separation of FECG signal from the abdominal ECG signal and understand its nature. A Least Mean S quare (LMS ) algorithm is implemented for the purpose of detection adaptively. Data compression techniques are implemented foe the filtered ECG signal for the purpose of easy storage and transmission. S ince the data is more important and sensitive , it is necessary to implement lossless compression with high compression ratio by reducing the redundancy involved in the ECG signal with low noise. A Fast Fourier Transform, Discrete Cosine Transform (DCT), DCT-II and Discrete Sine Transform (DS T) methods are used here for the purpose of compression. The performance metrics like compression ratio, low percent mean square (PRD) are compared an d the results are tabulated by using Matlab software tool.