Palestine Securities Exchange (PSE) and the Palestinian Capital Market Authority (CMA) signed an agreement with the International Australian Smarts, located in Sydney, to utilize Smarts on Line System for instant supervision over securities trading.
Implementing Smarts on line at PSE is a significant step towards improving the instant electronic surveillance system, as it adopts international standards of overseeing securities trading. This system will be in operation at the PSE as of the beginning of February.
The new system will enable both the PSE and the CMA to monitor trading transactions using improved methods that protect investors and prevent any manipulation of transactions. This is due to the immediate detection and identification of any suspicious transactions and their eventual cancellation.
Smarts on line generates warnings in case of illegal actions such as attempts to influence or manipulate prices. The system provides a monitoring system that is compliant with international standards which bolsters the efficacy of oversight and expands its scope.
It is noted that Smarts On Line is utilized by many international exchanges like the London Stock Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, and Saudi Stock Exchange (TADAWUL), the biggest Arab Exchange. The international Australian Smarts company specializes in technological solutions for financial institutions, including securities exchanges and banks all over the world. It is ranked also as the best provider of instant security systems for international financial institutions and securities exchanges.
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© Press Release 2009
