New Zealand Stockmarket Surveillance Strengthened

New Zealand Stock Exchange (NZSE) has stepped up efforts to track insider traders and market manipulators. It has recently installed world-class electronic surveillance system, from Computershare, called SMARTS.

NZSE's CEO, Mark Weldon, says that the technology is highly sophisticated, and will help the NZSE in its front-line role of identifying potential insider trading. SMARTS will further strengthen NZSE's market surveillance and enhance investors' confidence in the New Zealand stockmarket.

Through SMARTS, NZSE can provide greater analytical information to the Securities Commission to investigate any suspected insider trading cares.

Other exchanges and regulators that have installed SMARTS, include the Hong Kong, Singapore, Oslo and Copenhagen stock exchanges.