Swedish banks that intend to enter into contracts, directly or indirectly, with a U.S. financial institution must to be accepted as full partners, or at all accepted, clearly be able to show that they are to carry out screening against the OFAC list.
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.
Peter Grehan, a former systems architect and technical project manager at Online, has been hired as a systems architect at Trapets AB, the leading provider of automatic surveillance/ monitoring systems to the financial sector in Scandinavia. Peter has worked for 16 years with systems development in the IT industry. He has very good and deep knowledge of the technology platforms that Trapets system InstantWatch is based on. By the recruitment Trapets will strengthen its development capabilities and its position as the leading supplier of surveillance systems in the Nordic region.
Swedbank and Silf, who publish the monthly PMI (Purchasing Mangers Index), will henceforth make use of a web-based survey system developed by Trapets in cooperation with Swedbank and Silf.For more information, please contact us.
Nasdaq OMX will within shortly convert to a new trading platform, INET, with new market connections. Trapets has several customers using the market surveillance system InstantWatch. They will be affected by the change. New market connections have been developed during the autumn and they have now been certified by Nasdaq OMX.
FATF (Financial Action Task Force) has published a new report on money laundering and terrorist financing in the securities sector. The report highlights areas such as insider trading, market abuse and the importance of knowing your customer. Moreover, this report raises the sector?s weaknesses, for example, that a large number of transactions are conducted electronically across international borders.