“By allowing us to be more agile and flexible, the system will provide a solid foundation for the evolution of IIROC’s market supervision in the years ahead and bring us one step closer to our vision of providing leading-edge market surveillance,” said Victoria Pinnington, Senior Vice President, Market Regulation and Policy. “This state-of-the art system offers new tools and approaches including machine learning that our team will leverage to more efficiently monitor for abusive behaviour.”
“By supporting IIROC over the past several years in its rigorous efforts in monitoring and protecting Canada’s markets, this has complemented Nasdaq’s relentless commitment to leveraging technology to strengthen the integrity of the global capital markets,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “We look forward to continuing this successful partnership and working with our clients in maintaining a fair, transparent and safe global marketplace and ensuring that firms have the tools to do so as well.”
SMARTS has been the industry benchmark for real-time, cross-market, cross-asset surveillance for 22+ years. Used by over 3500 compliance professionals around the world, SMARTS solutions currently power surveillance at 47 marketplaces, 17 regulators and 140+ market participants.
About IIROC
IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian debt and equity marketplaces.
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