surveillance systems, is pleased to announce the successful system upgrade and go âliveâ of version 6.1 SMARTSÂ® Market Integrity Platform at Tokyo Commodity
Smarts Group has worked closely with NTT Data, Smarts Groupâs Japanese partner and system integrator of TOCOMâs trading engine, over the past six months to implement the latest version, v6.1, of SMARTS. This version substantially provides full Japanese language support, and enhances the capacity of the solution on the current TOCOM infrastructure, in addition to providing a number of enhanced functionalities. TOCOM went âliveâ with the version upgrade in May after rigorous regression testing carried out by NTT Data and Smarts Group.
Andi Hakim, Smarts Groupâs Head of Development said âThis project has been an important step in our move towards providing increased capacity and higher performance to our clients, whilst ensuring that the market remains well regulated through the continued stability of the system. We have also fully localised the
software such that non-native English speaking users can also reap the benefits of SMARTS in their native language â the system is now available in Chinese, Arabic and Japanese.â
In response to increasing competition among local and international exchanges it is instructive to see market integrity so high on TOCOMâs agenda. TOCOM is firmly of the view that this move will significantly differentiate itself from its competitors.
Mr Yuichi Fukui, TOCOMâs Executive Director and CIO said âMarket integrity is critical to the success of the marketplace and we believe that with SMARTS, we have a proper eye on the market from both real-time and historical aspects, allowing us to control the market. TOCOM is the first user in the world applying SMARTS version 6.1 and TOCOMâs staff has done a fantastic job to address the associated challenges in a timely manner. TOCOM also appreciates the effort made by NTT Data for leading the project successfully both in quality and delivery. We firmly believe that the joint strengths, NTT Dataâs project management and
SMARTSâ innovative solution, will keep TOCOMâs market surveillance outstanding and reliableâ.
NTT Data commented that âthroughout the upgrade project, we found the project management of Smarts Group has become more professional. There is no doubt that the SMARTSâ solution is innovative. Now Smarts Group has demonstrated a willingness to improve their project management, especially in planning and quality assurance that we, NTT Data, have been looking for. We are happy to observe Smarts Groupâs commitment to further improvements, and anticipate reaping the benefits of this improvement with simpler implementations in the future.â
Smarts Groupâs Head of Global Services and Client Management Stuart Frith said: âWe are pleased to be working together with both NTT Data and TOCOM to introduce the next level of state-of the-art market surveillance technology to the Japanese commodities market, and we look forward to providing close support to TOCOM as they continuously enhance the surveillance of their markets. NTT Data have been instrumental in the smooth progress of this upgrade project, providing skilled project management and high quality testing and implementation resources that have worked cooperatively with the Smarts Group project team.â