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