OzHub, the Macquarie Telecom-led cloud computing alliance, has come down firmly on the side of Optus over the copyright controversy surrounding Optus TV Now, warning that any moves to change the law "risk branding Australia a global luddite state."
Australian market surveillance systems vendor, SMARTS Group, is to open an office in the United States to coincide with the release of the US version of its broker surveillance platform.
SMARTS, which has a global market for its market
surveillance systems, says it now derives 95 percent of its revenue
from international securities exchanges, regulators and broking firms,
and will open its office in New York as it has “significant growth
opportunities” in the US market.
“The US market presents significant growth opportunities for SMARTS. We
now have two US securities exchange customers, BATS and NADEX, and in
late October we will launch a US version of our SMARTS.broker
platform,” the company CEO, Dr Andreas Furche, said.
According to Dr Furche, SMARTS.broker is currently being piloted by a
leading US investment house, and “we are encouraged by the initial
feedback from our pilot customer. They are impressed by the
comprehensiveness and usability of the system and recognise the
advantages of partnering with SMARTS’ as the global leader in market
surveillance systems.”
Dr Furche said that, whilst selling to international exchanges and
regulators for over 15 years and broking firms for the last five,
SMARTS has taken a conservative approach to entering the US market.
“Our US strategy has been to build upon our leadership position in
Europe and Asia which has established the credibility and international
reputation required by US firms to support their technology investment
decision.”
SMARTS expects the US will become one of their biggest if not the
biggest market by 2012, according to Dr Furche, and he said that “while
we have a centralised organisational model with development, technical
support and administration located in Australia, we acknowledge the
most effective business development strategy is to have customer
interface teams close to the customers.
“This is the model we adopted in Europe where we have a presence of ten
sales and customer support professionals, establishing Europe as our
most successful region.”
On October 28, SMARTS will launch the US version of its broker system
at the Australian Consulate in New York on 28 October, following
development of the product over the last 12 months with a focus on
compliance and market integrity. Dr Furche said that with the
attention on market integrity following the Global Financial Crisis,
SMARTS believed it was the right time to invest in the US market.
SMARTS has appointed Michael Karbouris, currently director of business
development for the company’s broking business in the Asia Pacific, to
lead the US operations.
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