BX Swiss in Switzerland has gone live with InstantWatch Market from Trapets AB
Trapets AB, a global provider of Trading Surveillance and Anti Money Laundering solutions and services, today announces that BX Swiss (a subsidiary of Börse Stuttgart) successfully went live with InstantWatch Market, Trapets’ automated trading surveillance system.
Having selected Trapets AB’s InstantWatch solution, BX Swiss is benefiting from real-time identification of potential cases of market manipulation and insider trading. BX Swiss now has all the data and tools to investigate these cases immediately and classify the probability of a genuine manipulation.
Such is the level of automation within the solution that InstantWatch incorporates a library of early warning alerts to facilitate detection of possible instances of market abuse. These include for instance insider trading, front running, wash trades, spoofing, marking the close, layering of orders and prearrange trading.
Harald Schnabel, CEO at BX Swiss, said, “With Trapets InstantWatch we are confident that we have a modern monitoring system that will cover all our requirements during the BX Swiss journey. We are very satisfied with the cooperation between Trapets and BX Swiss. Although the integration project had a very tight timeline, everything went very smoothly, and we were in production according to plan.”
Dan Sjoholm, CEO at Trapets AB commented, “We are delighted that BX Swiss successfully is using one of our many installations of InstantWatch Market. The fact that the implementation went smoothly is a testament to the close working relationship developed between BX Swiss and Trapets AB, as well as a demonstration of the solution’s power and flexibility which allows it to be quickly configured to suit a client’s specific requirements.”
Dan Sjöholm, CEO
Switchboard: +46 8 644 01 50
About Trapets AB
Trapets AB is Sweden’s leading provider of market Trading Surveillance, AML and KYC solutions and services. 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 and orders. 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 BX Swiss
BX Swiss Ltd. operates an exchange focused on the needs of Swiss investors and issuers. It is subject to the Swiss Financial Market Infrastructure Act (FMIA) and is regulated by the Swiss Financial Market Supervisory Authority (FINMA). BX Swiss’s comprehensive selection of 3,600 equities, 620 exchange-traded funds (ETFs) and 2,200 Actively Managed Certificates (AMC) available to Swiss investors between 9.00 and 17.30 hours CET. Price information can be accessed free of charge and in real time between 8.00 and 22.00 hours CET on every trading day at www.bxswiss.com. Investors who wish to take advantage of the low brokerage fees should specify or enter BX Swiss when executing their trades.
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