NGM and NDX, stock and derivates exchange, implement new exchange and surveillance systems in the second quarter. Chooses InstantWatch from Trapets for the market surveillance.
Nordic Growth Market, NGM, will implement the new exchange trading system, Elasticia, just before the summer. NGM has also been looking for an automatic market surveillance system with very high demands regarding performance and functionality. After an extensive evaluation of systems NGM chose Trapets InstantWatch version 3. InstantWatch is the leading market surveillance system in Scandinavia. It is used by a large number of banks, regulated markets and other trading venues for the surveillance of trading on all of the Scandinavian exchanges.
NGM operates NDX, Nordic Derivatives eXchange, a leading securitized derivatives market in Scandinavia. Derivatives trading is very transaction intense and put high demands on the exchange and surveillance system.
"With the launch of Elasticia, and the new possibilities it brings, we see further growth of the Nordic market through increased volumes from existing, and coming, trading participants. The market surveillance system must meet very high standards in functionality, performance and scalability and we did a thorough search to find a system that met our demands. The decision was InstantWatch from Trapets.", says Roger Peleback, CEO of Nordic Growth Market NGM AB.
Trapets 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 and derivative exchanges, stock brokers, banks and companies dealing with payment flows.
"We are very happy that NGM, with their high performance demands and after their evaluation of different systems, chose Trapets InstantWatch for the market surveillance. Our system InstantWatch is very cost efficient and it now has been established as ?the standard surveillance system? in the finance sector in Scandinavia. It gives advantages to our customers and it shows that we are doing things right", says Dan Sjöholm, CEO Trapets AB
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