CSA chooses Kx to create new market analytics platform

The CSA has chosen Kx to build and manage a new market analytics platform to identify, assess and investigate cases of potential market abuse.

The Market Analytics Platform (MAP) will replace the current system and provide a broad range of market and transaction data, the CSA said in a release.

“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, chair of CSA. “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 chosen in a public bidding process. The company, a division of global technology provider First Derivatives plc, has a multi-year contract with CSA to implement the project in several stages.

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