Trapets AB, one of Europe’s leading independent providers of Trading Surveillance solutions and associated technologies, today announced that they will make available their Outsourced Trading Surveillance service in London. The official announcement will be made at the World Exchange Congress being held in London on March 22nd/23rd 2016.
OTS reviewed over the years by several regulators is a fully outsourced service where a team of experts within Trapets perform the operational surveillance tasks on behalf of the firm, including detection, investigation, documentation and reporting of suspicious transactions. The service also includes the surveillance system InstantWatch Market along with its installation, implementation and setup.
InstantWatch incorporates flexible and powerful analytics tools incorporating advanced pattern recognition designed to assist financial institutions in detecting and preventing market abuse, minimising trading risk whilst ensuring compliance.
Peter Nylén, Head of OTS at Trapets AB commented: “There are several providers of surveillance systems but Trapets is the only supplier of the whole surveillance setup, including the staff and practical surveillance tasks. This is becoming a compelling option for many firms struggling with the regulatory burden, the cost of having in-house surveillance experts and the increased workload for compliance staff which can lead to surveillance not being prioritized in the correct manner”
InstantWatch works by intelligently collecting and analysing trading and market data using a state-of-the-art detection engine to uncover and present hidden patterns. Taking direct feeds from trading systems and market venues, the application incorporates intelligent transaction monitoring, a fully featured alert engine and provides case management for automated reporting and audit trail capture.
“The obligations for firms to monitor and keep track of their trading have increased over recent years and that trend will more than likely continue over the coming years. We are convinced that Trapets Outsourced Trading Surveillance is the easiest, most reliable and most cost-efficient way for firms to be fully compliant regarding their responsibilities to carry out surveillance and submit Suspicious Transaction Reports to the regulator” says Gunnar Wexell, Chairman of Trapets AB.
For 11 years, the World Exchange Congress has been bringing together the global exchange community to examine strategy, opportunities and challenges within the finance industry. Launched in London in 2005, the Congress has been hosted in Istanbul, Madrid, Doha, Monaco, Dubai and Barcelona. Now, we’re heading full circle and returning to London for our 11th year. To register for the conference and take advantage of Trapets’ exclusive 10% discount, enter ‘BHMS’ at checkout.