SMARTS Group, a financial markets surveillance technology provider, has launched a version of SMARTS.broker, its market surveillance platform, for the US securities market.
The service is designed to monitor all major US securities markets and provides a full range of market manipulation and compliance alerts.
SMARTS.broker can identify market manipulation scenarios including marking the close, ramping, dominating the market, and wash trades. It also has the ability to identify unusual trading patterns around material news announcements, identify trade-throughs under Reg NMS, as well as broker/client conflict and front-running.
“The US version of SMARTS.broker has been in development for over 12 months. In consultation with pilot customers the platform has undergone extensive customisation for the specific requirements of this highly complex and sophisticated trading environment,” said SMARTS Group CEO Dr Andreas Furche in a statement. “SMARTS has built a platform capable of proactively keeping up with changing US regulatory requirements in a fast-paced market, all the while accounting for future growth in US trading volumes and transaction data. The SMARTS platform comfortably handles several billion transactions per day.”
“The launch of SMARTS.broker for the US markets is timely, particularly in light of the US government’s current focus on rebuilding financial supervision and regulation as outlined in the July 2009 white papers on financial regulatory reform,” added Aldo Martinez, SMARTS board member.
SMARTS.broker is currently used by over 50 brokers in 30 countries internationally.