11/29/2015

13316MRASIC'snextgenerationmarketsurveillancesystemcommences|ASICAustralianSecuritiesandInvestmentsCommission

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Monday25November2013

13316MRASIC'snextgenerationmarketsurveillancesystemcommences
ASIC'snewmarketsurveillancesystemisinoperation.
KnownasMAI(MarketAnalysisIntelligence),thesystemenablesASICtobetterdetect,investigateandprosecutetradingbreaches.
CommissionerCathieArmoursaidthatMAIprovidessophisticateddataanalyticstoidentifysuspicioustradinginrealtimeandacrossmarkets,aswellasgreaterlevelsofdetection
ofinsidertrading.
MAIisbuiltaroundalgorithmictradingtechnology,andgivesASICtheabilitytoanalysetradedataforpatternsandrelationships.
ThisprovidesASICwithevengreatermeanstocatchinsidertrading,andmorebroadly,detectmarketmisconduct,MsArmoursaid.
SeniorExecutiveLeaderofMarketandParticipantSupervision,GregYanco,saidthatMAIwaspurposebuiltanddesignedtohandlethedynamismoffinancialmarkets.
It[thesystem]willbeabletohandlethecontinuedincreaseinhighfrequencytradingandalgorithmictrading,andimprovesontechnologythatwaspreviouslydesignedforasingle
market.
ThenewsystemenablesASICtointerrogateverylargedatasetsandmonitormarketactivity,consistentwiththeincreaseduseoftechnologyindaytodaytrading.Itcanalso
handlethecontinuedincreaseintradeandmessagedata,whichcouldreach1billionmessagesperday,MrYancosaid.
http://asic.gov.au/aboutasic/mediacentre/findamediarelease/2013releases/13316mrasicsnextgenerationmarketsurveillancesystemcommences/

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11/29/2015

13316MRASIC'snextgenerationmarketsurveillancesystemcommences|ASICAustralianSecuritiesandInvestmentsCommission

Thenewsystemisdesigned,builtandhostedbyFirstDerivatives,andisbasedonitsDeltaStream+MarketSurveillancesolutionbasedontechnologyusedinfinancialmarkets
formarketdatacapture,alertsandanalyticsandhighfrequencyandalgorithmictrading.

Background
ThenewsurveillancesystemisthefirstoffourkeydeliverablesmadepossiblefromthefederalGovernment'sbudgetcommitmentof$43.7millioninMay2012,whichgivesASICthe
abilitytoplanforincreasedtradeandmessagetraffic,newanddynamictradingtechnologiesandtechniques,aswellasincreasedcompetitionbetweentradingvenuesandthe
continuedglobalisationofcapitalmarkets.
Theotherdeliverablesareadvancedanalyticandinvestigativecapabilities,anewportaltoboostcollaborationandcommunicationwithmarketparticipants,andthedevelopmentof
aworkflowsystemthatwillassistASICtoimprovethemanagementofitscasesfromthemomentASICreceivesanalert,complaintorenquiry,totheendofanenforcementaction.
Thisfirstphaseoftheprogramhasbeendeliveredonscheduleandwithcostsavingsofapproximately$5magainstbudget.ThissavinghasenabledASICtoreducetheamountit
needstorecoverfromtheindustry.

http://asic.gov.au/aboutasic/mediacentre/findamediarelease/2013releases/13316mrasicsnextgenerationmarketsurveillancesystemcommences/

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