Canadian Securities Regulators Announce Platform to Identify
Market Abuse
The Canadian Securities Administrators
("CSA") announced it has selected a market analytics
platform designed to identify, assess, and assist potential market
abuse cases. Kx, a division of First Derivatives plc, was platform
chosen as a result of a public bidding process. 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.
Although the project will take place in several stages, the
agreement is effective immediately. Louis Morrisset, CSA Chair and
President and CEO of the Autorité des marchés
financiers, expects the insights collected from the platform to
"strengthen the [CSA's] data examination
capabilities" and enable it to "identify any
irregularities that may require further investigation".
