Öhman 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.
Öhman's 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 Nordnet Bank, 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 addressed primarily to brokers, exchanges, banks and other companies that handle large flows of information.
"As part of our efforts to achieve our vision of becoming a leading player in the Swedish financial market Öhman has broadened its range of services. Some of these services are in and around the trading of securities on an increasingly fragmented market. To maintain tight control and ensure quality requires different types of systems and Trapets InstantWatch is one of them and fits in well in Öhman's modern IT architecture," says Pontus Barrné CFO Öhman Group.
"We are very pleased that Öhman, after its evaluation of different systems, chose Trapets InstantWatch for its market surveillance. The market for surveillance has increased markedly in recent years, not least because trade is becoming more and more "fragmented". Trading in an instrument is currently more and more 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. Öhman?s choice of InstantWatch shows that we are doing things right.", says Gunnar Wexell, Chairman at Trapets AB.