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News Release

Canadian securities regulators announce agreement with Kx to deliver advanced post-trade analysis

  • Date:

    2018-09-13
  • Number:

    2018/68

Montreal – The Canadian Securities Administrators (CSA) today announced that it has selected Kx, a division of First Derivatives plc, to build and manage a next-generation market analytics platform designed to identify, assess and investigate potential market abuse cases.

The new Market Analysis Platform (MAP), which will replace the current CSA system, will capture a broad array of market and transaction data to improve insight and support market integrity.

“Our agreement with Kx will help strengthen our data examination capabilities and enable us to identify any irregularities that may require further investigation,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “With the insights we collect from the MAP, all jurisdictions of the CSA will have a consolidated view of the activity taking place across markets.”

Kx was selected following a public bidding process. The agreement is a multi-year contract, effective immediately. The project will take place in several stages.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Kx is a division of First Derivatives plc, a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions.

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For more information:

Please visit www.kx.com. For general enquiries, write to info@kx.com. For press inquiries, write to pr@firstderivatives.com

CSA contacts:

Sylvain Théberge
Autorité des marchés financiers
514-940-2176
Kristen Rose
Ontario Securities Commission
416-593-2336
Hilary McMeekin
Alberta Securities Commission
403-592-8186

Andrew Poon
British Columbia Securities Commission
604-899-6880  
Jason (Jay) Booth
Manitoba Securities Commission
204-945-1660
    
Sara Wilson
Financial and Consumer Services Commission, New Brunswick
506-643-7045
David Harrison
Nova Scotia Securities Commission
902-424-8586


Steve Dowling
Government of Prince Edward Island,
Superintendent of Securities  902-368-4550
Craig Whalen
Office of the Superintendent of Securities
Newfoundland and Labrador
709-729-5661
Rhonda Horte
Office of the Yukon Superintendent of Securities
867-667-5466

Jeff Mason
Nunavut Securities Office
867-975-6591

Tom Hall
Office of the Superintendent of Securities
Northwest Territories
867-767-9305
Shannon McMillan
Financial and Consumer Affairs
Authority of Saskatchewan
306-798-4160