Following months of planning, development and rigorous testing, the Malaysian Securities Commission (âSCâ) has successfully launched their new surveillance technology to enhance the integrity in the Malaysian marketplace this month. Originally, SC had identified the SMARTSÂ® Integrity Platform v6.1 as the best product to ensure the integrity of its market place after its one month trial evaluation of the system. Their decision tied in with SCâ broader initiative - the Capital Markets MasterPlan - one of the programmeâs key goals is improving supervision, surveillance and enforcement to create a capital market that is âsupported by a strong and facilitative regulatory framework that enables the capital market to perform its functions effectively and provides a high degree of confidence to its usersâ.
Smarts Group has worked closely with SC to deliver state-of-the-art market surveillance system to the Malaysian marketplace. The project included design, implementation, training and software licenses. Welcoming the news, Smarts Groupâs Head of Global Services and Client Management, Stuart Frith said: âWe are extremely pleased with SCâs decision which recognises Smarts Groupâs innovation and leadership in the market surveillance domain. By adopting the SMARTSÂ® Integrity Platform v6.1, SC is now in a better position to be able to continue to offer the financial community a credible and safe market for investing in an increasingly competitive market.â
The SC decision further strengthens Smarts Groupâs position as the leading provider for real-time security market surveillance and operational control.