"We are pleased to deliver our leading market surveillance service to the PSE and PCMA. With integrity central to the mission of PSE, through the deployment of SMARTS, they now have a world-class system designed specifically to enhance the integrity of their market," said SMARTS Group CEO, Dr Andreas Furche.

SMARTS market surveillance solution will provide the PSE and PCMA market supervision and surveillance in real-time for monitoring the activities of investors and brokers, based on SMARTS sophisticated and highly regarded standard trading rules.

The SMARTS market surveillance solution is scalable and flexible for all market sizes. "The PSE and PMCA have selected the online solution which is designed to reduce costs without compromising the rich functionality and proven capability and performance of the SMARTS solution," said Dr Furche.

The SMARTS solution features a comprehensive suite of alert scenarios covering a range of trading behaviours and potential breaches. The solution includes numerous market analyses and visualisation tools which will assist both the PSE and PCMA to determine if the alert requires further action. These tools include an interactive graph module, detailed trade reports and market replay function.

The agreement with PSE and PCMA is the fifth SMARTS solution delivered to the Middle East region. They join customers including Abu Dhabi Exchange and Nasdaq Dubai.

"With PSE's vision to be an exemplary model for the Arab and regional stock exchanges, the PSE together with the PCMA has selected the most appropriate market surveillance partner to help realise this vision," concluded Dr Furche.