Riga, Tallinn and Vilnius exchanges live with Smarts surveillance technology

Source: Smarts

Riga, Tallinn and Vilnius, the three Baltic exchanges, in Northern Europe have gone live with SMARTS on 1st November 07.

The system was delivered to these exchanges as part of the obSurveX managed service run by Oslo Børs in Norway.

Sverre Lilleng, Senior Vice President of Market Surveillance at Oslo Børs, said these markets "will benefit from our obSurveX service, which delivers automated market surveillance using SMARTS, an international shared multi-market alerts factory, equities and options cross market surveillance and outsourced managed data integration and system operation service that are all run by Oslo Børs."

Magnus Almqvist, European General Manager said: "These new markets will benefit from the enhanced market integrity through use of our SMARTS system and the close working relationship we have with our long-time partner Oslo Børs. From our perspective this implementation continues our strategy of providing the solution to all exchanges in the manner appropriate for the customer as a managed service, onsite or via a partner such as Oslo Børs. There are now 14 exchanges in Europe that use our SMARTS system as their principal surveillance tool, and we are expecting to announce further additions to this number in the coming months."

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