First Securities implements InstantWatch for automatic surveillance of fragmented trade of securities

First Securities implements a new system for automatic market surveillance. As the trade of instruments have been spread out on several stock exchanges and market places/MTFs, the need to obtain an overall picture and a comprehensive monitoring has increased.

First Securities' choice fell on the in the Nordic region's leading surveillance/monitoring system Trapets InstantWatch. A large number of Nordic banks and stock exchanges / marketplaces (such as Carnegie, ABG Sundal Collier, Pareto, NGM / NDX and the Bank of Åland) are already using InstantWatch for surveillance of trading on the Nordic exchanges.

Trapets InstantWatch is a system for automatic monitoring and pattern analysis of different information streams. It is used in particular to detect insider trading and market manipulation and to analyse Best Execution. InstantWatch is addressed primarily to brokers, exchanges, banks and other companies that handle large transaction flows.

"We are very pleased that First Securities, after its evaluation of different systems, chose InstantWatch for its market surveillance. The market for surveillance systems has increased markedly in recent years, not least because trade is becoming more and more "fragmented". Trading in an instrument is currently increasingly spread out on several different exchanges / marketplaces. Our system is adapted to carry out effective monitoring of trades on each marketplace as well as a giving a comprehensive picture of the total trade. First Securities' choice of InstantWatch shows that we are doing things right.", says Dan Sjöholm, CEO at Trapets AB.

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