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01 March 2024

DFM smartens up surveillance

DFM smartens up surveillance. (EB FILE)

By Wam

Dubai Financial Market (DFM) yesterday announced that it has successfully launched a new surveillance system Smarts, one of the leading global market surveillance technology.

Smarts is an automated system that detects any possible manipulations or market abuse and alerts the user immediately.

This system went live on December 21, 2009 and was met with great success and has achieved a high level of accountability since its launch.

Hassan Al Serkal, Chief Operating Officer, DFM, said: "Over the years, our market surveillance team have accumulated an extensive level of experience in monitoring trading and detecting any illegal or unregulated practices. The work of this team plays a vital role in assuring investors regarding DFM's ongoing commitment in creating an efficient, transparent and fair marketplace. By deploying the Smarts system, our market surveillance team will now rely on a highly sophisticated system widely used by the leading exchanges of the world to further support their skills and excellent expertise."

"The introduction of Smarts will reinforce DFM's continuous drive for excellence, innovation and ongoing development over the years to better serve our stakeholders.

"By bringing in one of the best technology in market surveillance, DFM reaffirms that it will remain at the forefront of financial markets in this part of the world," Al Serkal added.

In simple terms, Smarts Integrity Platform is an extensive market surveillance solution that takes a real time data feed directly from the trading engine of the exchange, processes it in real time, automatically detects anomalies and generates alerts.

With its rich functionality, Smarts is the most proven and widely adopted solution on the market today.

The system detects and analyses market abuse, and provide insight and analysis of trading activities. It has been adopted by 40 of the largest bourses.


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