Australian Securities Exchange to upgrade Smarts market surveillance system
Smarts Group, the world leader in real-time market surveillance solutions for exchanges, regulators and brokers, is pleased to announce an agreement with ASX to significantly upgrade its SMARTS system to take advantage of the additional capacity and functionality of SMARTS Integrity Platform version 6.1.
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In addition, Smarts Group and ASX have extended their relationship with a new 5-year support agreement. These agreements are a continuation of the longstanding relationship between Smarts Group and ASX, and will strengthen ASX's market-leading, real-time surveillance capabilities.
Eric Mayne, Chief Supervision Officer of ASX, said: "Market integrity is critical to the attractiveness of the Australian marketplace. Smarts Group provides ASX with world-leading, real-time and historical surveillance functionality, allowing us to meet our supervisory obligations and instill confidence among all those who participate in our markets."
Stuart Frith, Chief Executive Officer of Smarts Group, said: "We are extremely pleased to extend our relationship with ASX and to support them in their vital role to maintain market integrity. We look forward to continuing to work closely with the ASX to support the ongoing surveillance of the Australian markets. As a significant client of Smarts Group, ASX is one of over 30 exchanges and regulators utilising the SMARTS system. Our system offers a standard which will facilitate information-sharing in a crossmarket cross-border world at a technological level."