Background
The Capital Markets Cooperative Research Centre (CMCRC) is one of 35 national research centres of Australia with a mandate to improve the quality of securities markets. In line with that mandate CMCRC has built a number of world leading technologies that are based on core skills in data management mining and visualisation. These technologies include the SMARTS market Surveillance System currently in use by 50+ national exchanges and regulators and 120+ brokers across 50 countries. This technology was sold to NASDAQ in 2010.
Another world leading technology was CMCRC’s development of the Thomson Reuters Tick History Service (TRTH), which ingests 2m transactions (intraday trade, quote and information announcements) a second for every securities market in the world and makes the data available to Reuters clients through SaaS in as little as 20 minutes.