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Smarts Group, the world leaders in real-time market surveillance and operational control for exchanges, regulators and brokers, and Oslo Børs, the central surveillance System Centre in the Nordic region, have signed a contract to provide software and support services for Oslo Børs and OMX Exchanges over the next three years. This continues the long term relationship between Smarts, Oslo Børs and the other exchanges within the region. The agreement includes delivering enhanced market integrity for equities, bonds, options and futures markets across the Norwegian, Swedish, Danish, Finnish, Icelandic markets. The agreement also extends the solution to the Baltic markets of Riga, Tallinn and Vilnius.
The Nordic and Baltic surveillance cooperation, utilising SMARTS surveillance system as a main tool in the operation of the markets, involves an international shared multi-market alerts factory, equities and options cross market surveillance and outsourced managed data integration and system operation service for the exchanges in the Nordic and Baltic countries.
Sverre Lilleng, Senior Vice President Market Surveillance at Oslo Børs, who introduced SMARTS into Oslo in 1999, heading the surveillance Centre in Oslo, said: “We have a close and effective surveillance Cooperation between the OMX Exchanges and Oslo Børs. Together we hold knowledge and experience of high international standards. The new contract cements and extends the relationship between Oslo Børs and SMARTS, building on the steps the parties have made together in the Nordic region to introduce automated market surveillance.”
Thomas Jones, Director of Smarts Group, said:
“We are delighted with the decision of the Nordic and Baltic exchanges to extend their partnership with the
SMARTS Group and commitment to the SMARTS® product. This opportunity enables SMARTS and the exchanges
involved to continue their globally leading development of cross-market surveillance in the Nordic region.”
The new contract decision further enhances SMARTS’ position as the leading product for real-time security market surveillance and market control. By market capitalisation and turnover, the Nordic and Baltic markets together are the fourth largest in Europe.
About Smarts Group: Smarts Group is the global leader in real-time financial market surveillance technology and services, dedicated to delivering market integrity through efficient and proven systems solutions and services to the financial community. Smarts Group cater to all supervision, surveillance and regulatory aspects of the securities business value chain – providing business critical trading surveillance and operational control systems in over 70 regulators, exchange and member firms across 20 countries globally, playing integral advisory roles in setting international surveillance and compliance standards, and educating and developing the next generation of people and platforms for international cross-market integrity.
SMARTS users include the London Stock Exchange, the Swiss Stock Exchange, virt-x and the Hong Kong Exchanges.
