Nordnet Bank has implemented an automatic market surveillance system. Nordnet choose Trapets InstantWatch, which is the leading system in the Nordic region. Nordnet uses the system for surveillance of it's trade on the stock markets in Sweden, Norway, Denmark and Finland.
InstantWatch is a Swedish developed system for automatic surveillance, warning handling, analysis and compliance. The system analyses a flow of transactions in real time, i.e. stock exchange information and payments, and warns for suspicious patterns and transactions according to a configurable rule system. InstantWatch is primarily aimed for stock brokers, banks, stock exchanges and companies dealing with payment flows.
Nordnet Bank is the larges broker firm in the Nordic region. More than 60 000 trades are handled each day, giving high demands on the company's surveillance and compliance system.
"We are very proud that Nordnet Bank choose Trapets InstantWatch for the market surveillance. We have noticed that the market for surveillance and compliance systems have increased hugely the last years and InstantWatch is very competitive both regarding functionality and flexibility and also regarding the costs for the customers", says Dan Sjöholm, CEO at Trapets AB.