Trapets AB, an independent provider of Trading Surveillance, AML and KYC solutions and associated technologies, today announced that Otkritie Capital has chosen the company to provide a Hosted Market Abuse Surveillance and Anti-Money Laundering system.

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Market Abuse and AML Concerns

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, together with structured products and derivatives.

David Moss, Head of Compliance at Otkritie Capital said, “Otkritie Capital conducted a rigorous search with stringent criteria before choosing Trapets AB for the automation of our regulatory compliance initiatives in trading. 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”

Otkritie Capital will rely on Trapets’ cloud-based technology for its trading practices compliance program to detect and report potential market abuse and money laundering activities across its European business.

InstantWatch Solution

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.

The ability to facilitate detection of potential market abuse or money laundering is a critical concern for financial institutions.

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.

Gunnar Wexell, Chairman at Trapets said, “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.”