Source: Smarts Group
Palestine Securities Exchange (PSE) and the Palestinian Capital Market Authority (CMA) signed an agreement with the International Australian Smarts Group, located in Sydney, to utilize Smarts on Line System for instant supervision over securities trade. The system is recognized at international Securities exchanges and stock markets.
Implementing Smarts on line at PSE is considered a significant step towards improving the instant electronic surveillance systems on trading, as it adopts international standards of overseeing securities. This system will in operation at the PSE as of the beginning of February.
This new system is one of the most important international systems of overseeing trading of securities at exchanges. It will enable both the PSE and the CMA to monitor trading transactions using improved methods that protects investors and prevents manipulation of transactions. This is due to immediate detection and identification of any suspicious transactions so these transactions are repealed.
Smarts on line also sends warnings in case of any illegal actions such as attempts to influence or manipulate prices. The system provides a monitoring system that is compliant with international standards which bolsters the efficacy of oversight and expands its scope.
It is noted that Smarts On Line is utilized by many international exchanges like London Stock Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, and Saudi Stock Exchange (TADAWUL), the biggest Arab Exchange. The international Australian Smarts Online Company is specialized in technological solutions for financial institutions, including securities exchanges and banks all over the world. It is ranked also as the best provider of instant security systems for international financial institutions and securities exchanges.