Trapets AB selected by Otkritie Capital to provide Hosted Market Abuse Surveillance and Anti-Money Laundering Solution.

London – October 17, 2016

Trapets AB, one of Europe’s leading independent providers of Trade Surveillance solutions and associated technologies, today announced that Otkritie Capital has selected Trapets AB to provide a Hosted Market Abuse Surveillance and Anti-Money Laundering system.

Otkritie Capital will rely on Trapets AB’s cloud-based technology for its trading practices compliance program to detect and report potential market abuse and money laundering activities across its European business. An expert team based in London and Stockholm will coordinate delivery of Trapets InstantWatch Market Abuse Surveillance and Anti-Money Laundering solutions.

InstantWatch incorporates flexible and powerful analytics 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 from trading systems and market venues, the application incorporates intelligent transaction monitoring, a fully featured alert engine and provides case management for automated reporting and audit trail capture.

"Otkritie Capital conducted a rigorous search with stringent criteria before choosing Trapets AB for the automation of our regulatory compliance initiatives in trading" said David Moss, Head of Compliance at Otkritie Capital. "We were impressed with Trapets AB’s ability to provide a holistic view of both Market Abuse Surveillance and Anti Money Laundering using the InstantWatch system"

Gunnar Wexell, Chairman at Trapets AB commented “The ability to rapidly facilitate detection of potential market abuse or money laundering is a critical concern for financial institutions. Built around this principle, InstantWatch is already used by a number of leading securities firms and trading floors interested in enhancing their own internal surveillance measures as well as meeting ever changing external regulatory requirements.”

For more information, please contact:
Gunnar Wexell, Chairman
+46-8 644 0153

About Trapets AB

Trapets AB is Sweden’s leading provider of market leading Trading Surveillance, AML and KYC solutions and associated technologies. Uniquely Trapets can provide Outsourced Trading Surveillance (OTS) where a team of experts within Trapets perform the operational surveillance tasks on behalf of the client including detection, investigation, documentation and reporting of suspicious transactions. The company also offers exemplary advice on the ‘best fit’ compliance solutions for the capital markets accompanied by fully project managed implementation, consultancy and maintenance services.

About Otkritie Capital

Otkritie Capital International Limited is authorised and regulated by the Financial Conduct Authority (”FCA”).  Otkritie Capital offers financial institutions and corporate clients a full range of services on the global and Russian markets, including equity and debt securities, DMA trading, as well as structured products and derivatives.

Documents & Links