Post on 07-Apr-2018
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 1/19
SMARTS® Market IntegritySMARTS® Market IntegrityPlatformPlatform
1Commercial in Confidence
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 2/19
• Introductions
• Quick summary about the Smarts Group
• Smarts Group Service Offerings
• Product demonstration
• SMARTS Online/Onsite/Managed
OutlineOutline
2Commercial in Confidence
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 3/19
Company Objective: to improve market
integrity by providing technology solutionsand services to Exchanges, Regulators andMarket Participants
Company OverviewCompany Overview
3Commercial in Confidence
We are the world’s leading supplier of market surveillance and market abuse
detection platforms
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 4/19
Smarts Group InternationalSmarts Group International
• Leading global supplier of market integrity & insight solutions for marketsurveillance, control and abuse detection
• Single and focused mission to improve market integrity by providingtechnology & services to Exchanges, Regulators and Market Participants
• Experienced staff and unique real-time products here today
• Origins in research centre at University of Sydney in 1994
4Commercial in Confidence
• No other competitor comes close to Smarts Group in terms of marketcoverage & domain expertise
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 5/19
Smarts Group: Strategic valuesSmarts Group: Strategic values
6 key attributes of SMARTS that will enable your businessobjectives regarding market monitoring, supervision andregulation:
• Proven software assets and services which significantly reduceproject risk, cost and implementation timeframes
• Competitive time to market
• High performance architecture to meet the most demanding capacityand availabilit re uirements
5Commercial in Confidence
• Flexible customisation by users to address future needs• A proven team with local and international market experience and
expertise linking the customer into a global surveillance community
• A long-term commitment to Research and Development in theMarket Integrity area
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 6/19
Exchange and Regulator clientsExchange and Regulator clients
Exchanges
Regulators
Indonesia
Russia
Hong Kong
Hong Kong
Singapore
Singapore
Copenhagen
Nigeria
Iceland Australia
India
Thailand
Malaysia
Newcastle
UAE SCA
London
6Commercial in Confidence
1997 1998 1999 20022000 2001 200520042003 20072006
Micex - RussiaOslo
Stockholm
Helsinki
Abu Dhabi
London
Saudi Arabia
SwitzerlandNew Zealand
Tokyo
Dubai FinancialMarket
London
Tallinn
Riga
Vilnius
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 7/19
SMARTS ClientsSMARTS Clients• Moscow Inter-bank Currency Exchange 1996 (bills, bonds ,equities)• Russian Central Bank 1996 (bills, bonds ,equities)• Jakarta Stock Exchange 1997 (equities)• Hong Kong Stock Exchange 1999 (equities, warrants)• Securities and Futures Commission of Hong Kong 1999 (equities)• Oslo Børs 1999 (equities, warrants, options)• Singapore Exchange 2001 (equities, 2005 derivatives)• Monetary Authority of Singapore 2001 (equities)• New Zealand Stock Exchange 2002 (equities)• Stockholmsbörsen 2002 (equities, warrants, options)• Copenhagen Exchange 2002 (equities, warrants)• Helsinki Exchange 2002 (equities, warrants)• Iceland Stock Exchange 2004 (equities)• Ni erian Securities Commission 2004 e uities
7Commercial in Confidence
• Australian Stock Exchange 2004 (equities, options, futures)• Tokyo Commodity Exchange 2004 (commodities)• Swiss Exchange 2005 (equities, warrants, options, bonds)• virt-x 2005 (equities, warrants)• Stock Exchange of Thailand 2006 (equities, bonds)• Securities and Exchange Board of India 2006 (equities, bond, options, futures)• Abu Dhabi Securities Markets 2006 (equities)
• Malaysian Securities Commission 2006 (equities) • Saudi Arabia Stock Exchange (Tadawul) 2006 (equities, bonds) • London Stock Exchange 2006 (equities)• UAE Securities & Commodities Authorities (SCA) 2006 (equities)• Dubai Financial Market 2006 (equities)• Plus Markets Group 2007 (equities)• 2 new clients (to be announced shortly) 2007 (equities)
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 8/19
Broker Footprint (50+ across 7 countries)Broker Footprint (50+ across 7 countries)
8Commercial in Confidence
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 9/19
Product EvolutionProduct Evolution
Bonds , FX,Equitiescapabilities
Migration fromUNIX environmenttoWindows Clients
Cross- marketfunctionalityenabled
Derivativeshandlingcapabilities proven
Commodities & Futures capabilitiesproven
* Reuterslinkage for topmarketscoverage
New Modules: ARC & Eagleeye
Cross-marketcapabilities
enhanced
* ComplianceExplorer toolfor brokersdelivered viaweb (CMSS)
Performance Capacityfurther boosted; provenat 30,000 transactions /second
* R&D partner –CMCRC awarded forHealth InsuranceFraud Detection Tool(Dtecht) at CRC
Awards 2005
Enhanced Functionality:
Case ManagementComprehensive Analysis
* ComplianceExplorer Toolawarded TopInnovation at CRC
Awards 2006
9Commercial in Confidence
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
HKEX SFCOSE
BSE NASDAQ
NZX OMX HEX CopenhagenNSC
RS Canada TOCOM
ASX ASX-DTICEX TOCOMSWX virt-x
FSA SWX SSE
SGX-DTSEBISET
Abu DhabiMSECLSETadawul & CMAPLUSTLX SpA
SGX MAS
RCBMICEX JSX
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 10/19
SMARTS Functional ArchitectureSMARTS Functional Architecture
10Commercial in Confidence
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 11/19
The Surveillance Process (a typical analyst’s
workflow)
Manage
Analyse Alerts
Gather AdditionalInformation
REPORT ARC
11Commercial in Confidence
Understand
the Market
METRICS
ALDIT Alice LanguageFacts Language
ALMAS
SPREADREPLAY
Define andCreate Bench-marks and Alerts
FACTSEAGLEYE
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 12/19
Metrics - Purpose
• Understanding the market
– identifying patterns of trading within days.
– identifying patterns of trading across days. – studying the relationship between variables/metrics.
• Facilitating benchmark creation
12Commercial in Confidence
– distinguish between normal and abnormal/aberrant behaviour.
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 13/19
Alice
• 4th Generation Programming Language
– Does not need to be compiled – Made up of regular English language terms typically used in the
finance industry such as trade, volume, value, etc..
13Commercial in Confidence
• Designed specifically for the manipulation of financial data – Automates many common finance tasks.
• E.g. Option valuation, CAPM
– Financial data types
• E.g. Price, Volume, Security
• It is impossible to crash the system from within ALICE.
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 14/19
SMARTS Alerts
• Customised and calibrated for the market
• Capable of handling very high transactionrates
14Commercial in Confidence
• Logic is separated from the core software
• Extensive experience in designing andimplementing all surveillance scenarios
across a large variety of market structures
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 15/19
ALMAS – The Control Room
• Provide analysts with a tool for:
– Identifying and managing the alerts generated – Preventing work duplication and sharing analysis
– Querying security or suspect history’s –
15Commercial in Confidence
• Provide management with a tool for: – Performance evaluation
– Work load management
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 16/19
SPREAD
• Visualise trading activity in
time-series
• Instantly gives the analyst
16Commercial in Confidence
• Allows quick decisionson how to proceed
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 17/19
REPLAY
• Visualise trading at one point in time
• Replay a market transaction by transaction at any desirable speed.
• Assists:
analysts in understanding thesequence of events culminating
17Commercial in Confidence
n an a er .
teachers in explaining thedynamics of a financial market.
researchers in interrogatingdata at a much deeper level.
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 18/19
Getting More Information
• ARC
• Customised Intelligent Alerts• Uses the ALICE language
18Commercial in Confidence
• Form based database query tool
• INFORM
• Information announcements• Audit events
8/6/2019 SMARTS Platform
http://slidepdf.com/reader/full/smarts-platform 19/19
Solution OfferingsSolution Offerings
SMARTSOnsite SMARTS Managed Service SMARTSOnline
• Client-specific location
• Daily operations managed &
monitored by client’s IT
• SMARTS provides 2/3rd linesupport
• Hosted solution in data centre
• Managed service delivery
• Daily operations managed & monitored by Smarts
• SMARTS provides all levels of
19Commercial in Confidence
variable
• Maintenance of Core softwareby SMARTS
• Primarily used by tier 1
exchange/regulator
• License fee is paid upfrontacross term of contract
support , including outsourcedservices
• Maintenance of gateway/Alice & Core software by Smarts
• Primarily used by new oremerging exchange/regulator;business looking to outsource IT
• License fee is annualised