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The Autorité des marchés financiers (“AMF”), the regulatory and oversight body for Québec's financial sector, today released a Request for Information (RFI) seeking information from potential suppliers of components for a Market Analysis Platform (MAP) or a Market Analysis Platform in its entirety.
The MAP will address three key business requirements of the AMF, and potentially other Canadian securities authorities:
- The creation of a central data repository that will hold a wide variety of securities market information required to be available for various regulatory activities, possibly across Canada.
- The provision of a toolset to populate and interrogate the data repository, to analyse and visualise its contents, and to assist with the subsequent creation of a variety of functionalities supporting these regulatory activities.•
- Utilising the data repository to create specific functionality for the retrospective assessment of market activity and associated data to detect and investigate cross-product and cross-venue trading anomalies, in particular for the detection of possible illegal insider trading and market manipulation.
The AMF's requirements and the process for responding to the request are accessible on www.merx.com. Interested suppliers will be provided with the AMF's full Request for Information after completion of a confidentiality and security undertaking.confidentiality and security undertaking.
