LSE signs for Smarts market surveillance software

LSE signs for Smarts market surveillance software

The London Stock Exchange (LSE) has signed a deal to install an electronic real time market surveillance platform supplied by Australian vendor Smarts Group.

The LSE is rolling out the Smarts Market Integrity Platform as part of its technology roadmap (TRM) - a four year transition to next generation trading technology - due for completion in early 2007.

David Lester, CIO, LSE, says: "The Smarts platform will play a crucial role in the monitoring and regulation of our markets and will ensure that we continue to provide our customers with the most robust and innovative trading environment in the world."

In addition, the UK exchange will become a global reseller of the Smarts platform and the system will be distributed alongside the LSE's next generation trading and information platforms. LSE says the Smarts technology will be available to UK brokers via Capital Markets Surveillance Services Pty Ltd (CMSS).

Michael Aiken, director and co-founder of Smarts, says: "The agreement with the London Stock Exchange represents an important milestone in the development and deployment of the Smarts Market Integrity Platform as a world standard."

The market surveillance package is currently deployed by 26 national exchanges and regulators across 20 countries, including the Swiss, Hong Kong, Singapore and Australian exchanges.

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