SMARTS Group, engaged in surveillance technology, completed the installation of the SMARTS Integrity Platform on the BATS Exchange.
The SMARTS Integrity Platform is now analyzing in real-time over 1 billion messages per day from BATS trading engine. BATS is the first exchange in the US to adopt SMARTS surveillance technology and the 39th worldwide. SMARTS delivered the surveillance technology necessary for BATS to fulfill its regulatory monitoring obligations as a listed US exchange.
The SMARTS Integrity Platform composes of real-time systems for market surveillance, market supervision, and market compliance. The integrated system is installed on exchanges to monitor orders, trades and quotes to identify market violations including market manipulation, insider trading and other violations of stock market regulations and legislative requirements.
Together with the SMARTS team, we have developed and implemented a suite of real time market surveillances designed to meet our regulatory requirements, says Tami Schademann, chief regulatory officer, BATS.
We are excited to have finalized installation of the SMARTS Integrity Platform on the first exchange customer in the US, says Michael Aitken, founder and chairman, SMARTS Group.
This was an exciting challenge because of the extreme performance requirements of the BATS exchange. We are looking forward to scaling our solution to the increasing requirements of global equity markets and to implementing more projects in the US with its dynamic and exciting financial marketplace where we can have real impact.
L.D.