Computershare adds Stockholm to global list of exchanges and regulators using SMARTS market surveillance system. London, 6th February, 2002 Following its adoption in Singapore in December, Computershare today announced that the Stockholmsbrsen has also taken its SMARTS system as the basis for its market surveillance. The deal strengthens Computershare’s relationship with exchanges around the world.
“SMARTS alerts authorities to improprieties in trading and helps ensure a fair, orderly and efficient trading market,” said Martyn Drake, general manager of Computershare Technology Services in the UK. “It detects market abuses such as insider trading and price manipulation, in real-time.” Under an agreement signed between Stockholmsbrsen and Oslo Brs, a center of market surveillance expertise will be established at Oslo Brs.
The centre will work closely with other exchanges that use Oslo’s obSurveX system, based on Computershare’s SMARTS surveillance system. The centre of expertise will be principally involved in developing alarm systems and production, but will also assist the exchanges with advice and support. Outside of Sweden, five exchanges (Hong Kong, Jakarta, Moscow, Oslo and Singapore) and three regulatory authorities now use SMARTS worldwide. Other exchanges in the region may follow the lead of their Nordic neighbours in the near future.
“SMARTS is a state-of-the-art system. It is rapidly adaptable to different market environments and is in use around the world. No other surveillance system is as widely used and is doing as much to improve the global trading environment,” continued Martyn Drake. Computershare is the exclusive global marketer of SMARTS, which was developed by SMARTS Proprietary Ltd., an organisation that includes leading Australian academics and IT developers. The SMARTS system identifies abnormal trading behaviour, and provides a range of data analysis and management tools that facilitate a rapid interpretation and response to any abnormal activity.