SMARTS Group Signs $1.5m deal with Macquarie Hosting for ASIC

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Agreement to host financial markets monitoring software for ASIC’s stock market monitoring

Macquarie Hosting, a division of Macquarie Telecom, today announced it has signed a $1.5 million two year deal with SMARTS Group to host its financial market monitoring software for the Australian Securities and Investments Commission (ASIC).

As part of the agreement, Macquarie hosting will provide an end-to-end, full dual site, DSD and PCI compliant hosting service to ASIC through SMARTS Group. The real-time dual sites will be hosted within Macquarie Hosting’s government approved secure data centers.

The agreement follows the Federal Government’s decision in 2009 to assign responsibility for market surveillance to ASIC and ASIC recently contracting with the SMARTS Group to provide the services. Macquarie Hosting was able to meet ASIC’s timeframe, with the switchover due to take place in Q3 2010. Last month, ASIC announced it was using the SMARTS Group system for financial markets monitoring. The SMARTS Integrity platform detects prohibited trading behaviour including market manipulation and insider trading.

Hosted on VMware vSphere4 with a production environment of over 50 virtual servers, Macquarie Hosting ensured SMARTS Group had its test site up and running within a week and a half of signing the contract. The private cloud testing environment enabled SMARTS Group to test its software whilst its full production environment was being built.

“Macquarie Hosting was able to successfully prove to the SMARTS Group that it could meet accredited government security requirements, provide end-to-end audit capabilities and assurance of business continuity” said Dr Andreas Furche, CEO, SMARTS Group.

Commenting on the agreement, Macquarie Telecom’s managing director for Hosting, Aidan Tudehope said: “SMARTS Group selected Macquarie Hosting for its expertise in managed server hosting for mission critical applications. The quality of our offering ensures we provide the highest level of security certification meeting strict government including ASIC requirements. Macquarie Telecom is an expert in this area, and meets the rigorous and ever changing requirements of DSD Accreditation to their full certification”.

The SMARTS Integrity Platform is an integrated system that is installed at exchanges, trading venues and market regulators to monitor orders, trades and quotes, identifying market violations including market manipulation and insider trading. The platform takes a real-time data feed directly from the relevant trading engine, and processes it in real-time, automatically detecting anomalies and producing alerts.

SMARTS is the global leader in market surveillance systems which delivers its surveillance solutions to over 30 national exchange and regulator customers across more than 30 countries.

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