IntercontinentalExchange (ICE) has selected Smarts Integrity Platform, a market surveillance platform, to complement its existing market monitoring activities across its global futures exchanges.
Smarts said that Integrity Platform will assist ICE with the detection of prohibited trading activity determined pursuant to US Commodities Futures Trading Commission (CFTC) and UK FSA regulations.
According to the Smarts, the installation of the exchange solution at ICE will soon be complemented by the impending launch of Smarts’ trade surveillance solution for stock broking firms Smarts.broker with coverage of ICE markets.
Planned for an August release, Smarts Integrity Platform will offer surveillance services across all futures and options instruments traded on ICE’s global futures markets which are based in the US, Europe and Canada.
Andreas Furche, CEO of Smarts, said: “ICE heralds a new generation of global customer for Smarts with its venues across the world and 24 hour trading. Smarts’ unique global presence and understanding of the various jurisdictions and regulations enables us to develop and implement a distinct solution that complements ICE’s advanced global technology trading platform.”