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 BÃ¸rs, who introduced SMARTS into Oslo in 1999, heading the surveillance Centre in Oslo, said: âWe have a close and effective surveillance Cooperation between the OMX Exchanges and Oslo BÃ¸rs. Together we hold knowledge and experience of high international standards. The new contract cements and extends the relationship between Oslo BÃ¸rs and SMARTS, building on the steps the parties have made together in the Nordic region to introduce automated market surveillance.â
Thomas Jones, Director of Smarts Group, said:
âWe are delighted with the decision of the Nordic and Baltic exchanges to extend their partnership with the SMARTS Group and commitment to the SMARTSÂ® product. This opportunity enables SMARTS and the exchanges involved to continue their globally leading development of cross-market surveillance in the Nordic region.â
The new contract decision further enhances SMARTSâ 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.