Trapets Introduces Outsourced Market Surveillance
![stockholm stockholm](/sites/default/files/styles/landscape_750_463/public/import/IMG/792/178792/stockholm1-580x358.jpg.webp?itok=nomuKqFp)
Trapets is offering the program in two flavors ─ full or basic. Both include a full surveillance regime in which Trapets employees install the InstantWatch Market system and monitor transactions, reporting back to the firm periodically and immediately when necessary. The full version, however, will involve Trapets submitting suspicious transaction reports (STRs) directly to regulators, whereas in the basic version, STRs are referred back to the firm.
"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," says says Gunnar Wexell, chairman at Trapets AB. "We are convinced that Trapets Outsourced Market 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 STRs to the regulator."
Trapets Outsourced Market Surveillance will be headed up by Peter Nylén, former head of market surveillance at Burgundy, who joined Trapets last year.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Let’s grow the third-party risk playbook – CME security chief
The CrowdStrike outage has highlighted the need for the financial sector to adjust its game plan.
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
Recent volatility highlights tech’s vital role in fixed income pricing
MarketAxess’ Julien Alexandre discusses how cutting-edge technology is transforming pricing and execution in the fixed income market amid periodic bouts of volatility
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.