The Nablus-based bourse and the regulatory body opted for the cost effective online version of the system, which offers real-time supervision and surveillance for monitoring the activities of investors and brokers.

A number of alert scenarios covering a range of trading behaviors and potential breaches are available, as well as market analyses and visualization tools which Smarts say will assist both the PSE and PCMA to determine if the alert requires further action. These tools include an interactive graph module, detailed trade reports and market replay function.

"We are pleased to deliver our leading market surveillance service to the PSE and PCMA. With integrity central to the mission of PSE, through the deployment of SMARTS, they now have a world-class system designed specifically to enhance the integrity of their market," says Smarts CEO Andreas Furche.

The agreement marks the fifth Smarts system rolled out in the Middle East region, previous customers include the Abu Dhabi Exchange and Nasdaq Dubai.