The London Stock Exchange will be installing the SMARTS Market Integrity Platform as its market surveillance technology. The adoption of SMARTS is part of the Exchange’s four year Technology Roadmap project due for completion in Q2 2007.
In addition, the London Stock Exchange will become a global reseller of the SMARTS platform alongside its Trading and Information platforms. The SMARTS Market Integrity Platform is a market surveillance application that aims to enable the Exchange to continue to monitor and investigate trading in real-time.
The Exchange will customise SMARTS to include additional features as part of its Technology Roadmap programme. The Roadmap will complete in Q2 2007 with the launch of their TradElect trading platform.
“We are delighted to be partnering with the SMARTS Group to ensure we have a next generation surveillance system in place alongside our new trading and information platforms, TradElect and Infolect,” says David Lester, the CIO at the London Stock Exchange. “The SMARTS platform will play a crucial role in the monitoring and regulation of our markets and will ensure that we continue to provide our customers with the most robust and innovative trading environment in the world.”
“The agreement with the London Stock Exchange represents an important milestone in the development and deployment of the SMARTS Market Integrity Platform as a world standard,”adds Michael Aiken, the Director and co-founder of SMARTS. “We have always sought to build and share our technology with the primary aim of enhancing market integrity across as well as within markets.”