 | |
| Founded | 1997 |
|---|---|
| Founder | Michael Aitken |
| Type | Not-for-profit organization with the Australian Securities & Investments Commission |
| Focus | Data Science, E-Science, Open Innovation, Computational finance, Enabling Technologies |
| Location | |
Area served | Global |
Key people | David Sharp, CEO; Gail Pemberton-Burke, Chair |
| Website | www.sirca.org.au |
SIRCA is a provider of online services to support finance and other data-intensive research at universities, Government and financial market participants world-wide. [1]
SIRCA was incorporated in 1997 [2] as a not-for-profit company to host and manage share price data from the Australian Securities Exchange (ASX) for a small group of collaborating Australian universities.
In its early years, SIRCA collaborated with the ASX and other research partners on a number of landmark studies including:
Today, SIRCA serves over 50 universities including 37 member universities in Australia and New Zealand [7] and over 20 from North America, Europe and Asia.
SIRCA in partnership with the Australian Financial Markets Association produces the Australian Financial Markets Report (AFMR) - an annual report with comprehensive coverage and statistics on all Australia's financial markets including equities, futures, bonds and over-the-counter securities. In 2012, these markets collectively turned over collectively turned over more than $125 trillion in 2011-12. [8]
SIRCA technology underpins the market leading Thomson Reuters Tick History database. [9] This is used by most leading financial institutions around the world as a source of historical tick and end of day data for a variety of functions, including the back testing of algorithms to support automated trading strategies, and for a range of risk and compliance related tasks.
SIRCA is a registered as a not-for-profit company limited by guarantee with the Australian company regulator Australian Securities & Investments Commission (ASIC). SIRCA’s governance is overseen by a Board of Directors, [10] and Executive. [11]
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.
Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$585.97 billion as of September 2023.
The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
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Financial regulation in Australia is extensive and detailed.
The Libor scandal was a series of fraudulent actions connected to the Libor and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered in 2012 that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is currently administered by Intercontinental Exchange (ICE), which took over running the Libor in January 2014.
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This results in great part from his role in the design of information systems for real-time fraud detection in securities markets.
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