send to a friend by email

Palestine Securities Exchange and Capital Market Authority sign an agreement with the Australian Smarts group

2009-01-26

Palestine Securities Exchange and Capital Market Authority and Australian Smarts group signed together an agreement for the use of "Smarts Online" that is relevant for direct and immediate control over the circulation of securities in the global financial markets and exchanges. The adoption of the new system, "Smarts Online" in the market an important step in development the direct electronic control systems on trading sessions, as it adopts international standards to control the circulation of securities, and it is scheduled to power on the system as of next February. The new system is one of the most important regulations for the control of the global trading of stocks and securities on the stock markets, enabling the authority and the market to exercise control over the circulation in a better way, contributing to the protection of investors, and prevent the manipulation of trading transactions in a direct and immediate way, so can capture the suspicious transactions immediately, and give a signal for the cancellation. The "Smarts Online" issues warnings in case of conducting any action that is contrary to the laws, regulations that are applicable, such as attempts to influence the price manipulation. The program also provides new monitoring system built on the basis of universal and international standards and increase the efficiency of control and expand their scope.