SMARTS Group, the worldwide leader in market surveillance technology, today welcomed the announcement by the London Stock Exchange to implement the Smarts Integrity platform on Baikal, its pan-European non-display trading platform.
“We are delighted to be selected to supply and install our advanced market surveillance system, the SMARTS Integrity Platform. Baikal is forging a new path for equity exchanges with its non-display trading system. SMARTS Group has been working with the London Stock Exchange for the past five years and we look forward to extending our existing strong relationship by working with its subsidiary Baikal to help build the success of the non-display trading system,” said SMARTS Group CEO, Dr Andreas Furche.
SMARTS is the international financial community’s preferred platform of real-time systems for market surveillance, market supervision, and market compliance. In this installation SMARTS will be customised with the latest algorithmic developments in dark pool monitoring and anti-gaming technology. This will be the first SMARTS installation in a dark pool trading environment.
“SMARTS Group was selected because of their innovative and unrivalled platform, in-depth expertise in market surveillance and their success with the implementation and maintenance of the London Stock Exchange’s robust market surveillance platform”, said Baikal COO, Mr Chris Rennoldson.
The initial implementation has commenced and is expected to take four months.