The Smarts Integrity Platform is an integrated system that is installed at exchanges, trading venues and market regulators to monitor orders, trades and quotes, identifying market violations including market manipulation and insider trading.
The platform takes a real-time data feed directly from the relevant trading engine, and processes it in real-time, automatically detecting anomalies and producing alerts.
Andreas Furche, CEO of Smarts, said: “Understanding the timeframe for the implementation, Smarts designed and fully specified the system as part of our tender proposal. Now implementation can start immediately which will assist ASIC to meets its important targets.
‘The Smarts system can monitor multiple exchanges and instruments through one integrated system in real-time enabling detection of suspicious and potentially illegal trading activity.”
Smarts is an Australia-based provider of market surveillance systems.
