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InstantWatch by Trapets AB selected by the Danish financial regulator for monitoring of MiFID II and MiFIR compliance

The Danish Financial Supervisory Authority, DFSA, Finanstilsynet, has selected Trapets AB to provide InstantWatch Market surveillance, which was announced by EU’s TED the 2nd of September. Trapets AB is one of Europe’s leading independent providers of Trade and AML Surveillance solutions and associated technologies.

Under a long-term agreement, the DFSA will rely on Trapets AB’s technology for its trading practices compliance program to detect and investigate potential market abuse activities. Due to be in production in January 2018 an expert team based in London and Stockholm will coordinate delivery of the Trapets InstantWatch Market Abuse Surveillance solution.

InstantWatch incorporates flexible and powerful analytic tools incorporating advanced pattern recognition designed to assist financial institutions in detecting and preventing market abuse, minimising trading risk whilst ensuring compliance.

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 and files from trading systems, market venues, TRS/MiFIR reports, news feeds etc. the application incorporates intelligent transaction monitoring, a fully featured alert engine and provides case management for automated reporting and audit trail capture.

Gunnar Wexell, Chairman at Trapets AB commented “With the imminent focus on MiFID II the ability to rapidly facilitate detection of potential market abuse is a critical concern for financial institutions. Built around this principle, InstantWatch is already used by a number of regulatory bodies, venues and leading securities firms interested in enhancing their own internal surveillance measures as well as meeting ever changing external regulatory requirements. We look forward to providing InstantWatch surveillance capabilities to the DFSA over many years to come”.

For further details please contact us.