28 August 2016
Find out more

Oz regulator chooses First Derivatives market surveillance system

13 December 2012  |  8464 views  |  0 Australian Flag

The Australian Securities and Investment Commission (Asic) has selected First Derivatives to design, build and host a new market surveillance system.

Following a competitive tender process, the Northern Ireland-based capital markets tech house has signed Asic to a multi-year software license for its Delta Stream system.

Asic took on market supervisory responsibility in 2010 as part of a government shake-up designed to end the ASX's monopoly and let in new players such as Chi-X.

The Aussie watchdog says the surveillance system will help it plan for this new high-frequency trading-heavy environment, that will include greatly increased message traffic, new technologies, increased competition between venues and the increased globalisation.

First Derivatives' platform will help spot trading anomalies and irregularities that may indicate disorderly or prohibited trading across asset classes and products.

Asic says it will be able to interrogate and analyse very large and complex data sets, consistent with the increased use of technology in day-to-day trading.

The regulator will also continue working on surveillance with Nasdaq OMX-owned Smarts, a relationship inherited from ASX.

Brian Conlon, CEO, First Derivatives, says: "Delta Stream will allow Asic to quickly respond to evolving market regulations, the introduction of new products and projected increases in data volumes."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Australia plans 'kill switches' to curb HFT risks

Australia plans 'kill switches' to curb HFT risks

21 November 2012  |  5876 views  |  0 comments | 3 tweets
ASX trading hit by glitch as Chi-X waits in wings

ASX trading hit by glitch as Chi-X waits in wings

27 October 2011  |  5884 views  |  1 comments
LCH.Clearnet poised to make Australia move

LCH.Clearnet poised to make Australia move

21 June 2011  |  6174 views  |  0 comments
Aussie traders turning to social media - survey

Aussie traders turning to social media - survey

23 March 2011  |  8017 views  |  2 comments
Australian regulation changes pave way for new trading platforms

Australian regulation changes pave way for new trading platforms

24 August 2009  |  6685 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit VocaLink.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
8083 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7823 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6712 views comments | 17 tweets | 21 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
6328 views comments | 16 tweets | 18 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6258 views comments | 14 tweets | 14 linkedin

Featured job

Find your next job