New Zealand Stock Exchange gets smart on market surveillance
22 July 2002 | 4169 views | 0
New Zealand Stock Exchange (NZSE) has installed Computershare's Smarts electronic surveillance system as its steps up efforts to track insider traders and market manipulators.
Mark Weldon, NZSE's CEO, says that the technology is highly sophisticated, and will help the NZSE in its front-line role of identifying potential insider trading.
Through Smarts, NZSE can provide greater analytical information to the Securities Commission to investigate any suspected insider trading cares.
Other exchanges and regulators that have installed Smarts include the Hong Kong, Singapore, Oslo and Copenhagen stock exchanges.