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Remium Nordic selects Trapets’ Outsourced Trading Surveillance

BBR Staff Writer Published 04 June 2014

After a long period of thorough evaluation, Swedish firm Remium Nordic has chosen Outsourced Trading Surveillance from Trapets in order to ensure regulatory compliance with the ESMA Guidelines on monitoring trading activities for suspicious market abuse and other types of trading irregularities.

On behalf of Remium, the Outsourced Trading Surveillance team within Trapets will manage the operational surveillance tasks including detection, investigation, and documentation along with the reporting of suspicious market abuse back to Remium for final decision. Implementation, tuning and access to the surveillance system InstantWatch Market is also included in the Outsourced Trading Surveillance service.

"We have experienced a significant increase in interest for our fully outsourced service for trading surveillance due to increased regulatory demands and we are confident that Trapets Outsourced Trading Surveillance is the easiest, most reliable and most cost-efficient way for firms to achieve full regulatory compliance with the ESMA Guidelines regarding their obligation to monitor trading activities", says Peter Nylén, Head of Outsourced Trading Surveillance at Trapets AB.

"Trapets offering a speedily implemented, outsourced trading surveillance solution is the perfect way for us to remain fully compliant" according to Mattias Malmström, CEO of Remium Nordic AB.

Source: Company Press Release