Background
JRS Asset Management is an independent Swedish wealth manager operating within a Family Office model. With approximately 800 clients, the firm provides discretionary portfolio management and financial advice.
As a regulated securities firm under the supervision of the Swedish Financial Supervisory Authority, JRS operates with a strong focus on governance, transparency, and regulatory compliance.
To support market abuse surveillance under MAR, JRS uses Trapets’ surveillance platform, combined with managed services, in which Trapets provides continuous monitoring and expert analysis, while JRS retains full control over assessments and regulatory decisions.
The challenge
Market abuse requirements have become more demanding, both in detection and documentation. Firms are expected to:
- Identify complex trading patterns
- Prioritise relevant alerts
- Maintain clear, traceable decision-making
For JRS, this created a structural challenge. Building an internal surveillance function with sufficient expertise and coverage would require significant resources, while manual processes risked inconsistent analysis and limited auditability.
“Regulatory expectations have deepened significantly. What was sufficient ten years ago is no longer acceptable today.”
Sonja Buric, Head of Administration
JRS needed a model that ensured high-quality surveillance without increasing organisational complexity.
The solution
JRS implemented Trapets’ market surveillance platform together with managed services, combining system-driven detection with continuous expert review.
This model provides:
- Data-driven monitoring of trading activity
- Ongoing analysis by surveillance specialists
- Structured case escalation with documented reasoning
Rather than building a fully internal function, JRS extends its compliance capability with external expertise while retaining full control over decisions.
Structured detection and decision-making
Trading activity is continuously monitored to identify patterns that may indicate market abuse. When relevant signals are detected, cases are escalated to JRS with supporting analysis and context.
JRS then performs its own assessment based on client knowledge and transaction history before making a formal decision.
This creates a clear and defensible process:
- Detection and analytical input are standardised
- Internal assessment remains controlled by JRS
- All decisions are documented and traceable
Higher quality signals, less noise
Initial implementation generated a higher volume of alerts. Through calibration and continuous refinement, detection has become more precise.
“In the beginning, we had more noise. Over time, calibration and experience have brought us to a level where alerts are meaningful and manageable.”
This improves investigator efficiency and ensures focus on relevant risk.
Extending capability without increasing cost
The managed services model allows JRS to access specialised surveillance expertise without building an internal team.
“Even as a relatively small organisation, we can maintain a high compliance standard.”
Sonja Buric
This reduces the need for dedicated hires while ensuring consistent analysis and coverage.
Improved audit readiness and regulatory confidence
With structured workflows and documented case handling, JRS approaches regulatory reviews with greater confidence.
“Each review cycle builds on a solid structure. We refine what is already in place.”
Magnus Larsson
All surveillance decisions are supported by clear documentation, making it easier to demonstrate compliance under MAR.
Business impact
- Access to specialist surveillance expertise without increasing headcount
- More relevant alerts through continuous calibration
- Consistent and documented decision-making
- Reduced operational complexity with a predictable model
Conclusion
By combining Trapets’ surveillance platform with managed services, JRS has established a structured and scalable approach to market abuse monitoring.
Detection is continuous, analysis is consistent, and decisions remain fully controlled and traceable. This allows JRS to meet regulatory expectations while maintaining a lean organisation and controlling operational costs.
Interested in strengthening your market and trade surveillance or need additional operational support?
Trapets Market and Trade Surveillance helps you detect and investigate unusual trading behaviour, while our Managed Services team monitors and analyses orders and trades to support compliance with Market Abuse Regulation. Read more about our market and trade surveillance solutions.