DATA – NOT TECHNOLOGY – KEY FOR MARKET SURVEILLANCE
Advancements in technology are not enough to improve market surveillance and curtail prohibited trading behaviors, according to the Capital Markets Cooperative Research Centre. With organizations already spoiled for choice when it comes to surveillance technology, the CMCRC argues that the focus needs to be on better data, not technology. The CMCRC’s Prof. Michael Aitken discusses the need for data transparency and ASIC’s new data mandate, which he says will greatly enhance the regulator’s oversight of the Australian market.
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