SIRCA
| 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]
History
[edit]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:
- ASIC review of the research on the past performance of managed funds [2002] [3]
- The ASX-SIRCA Benchmarking Study [2003][4]
- The Importance of Market Integrity [2004] [5]
- Identity Fraud in Australia [2003]
A report for financial intelligence agency AUSTRAC which found it to be $1.1Bn problem.[6]
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.
Services
[edit]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.
Governance
[edit]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]
See also
[edit]- Australian Securities Exchange (ASX)
- Thomson Reuters
- Reserve Bank of Australia
- Australian Transaction Reports and Analysis Centre
References
[edit]- ^ "Surveillance and Compliance at NASDAQ OMX". Retrieved 15 September 2012.
- ^ "SIRCA incorporation records at the Australian Government's Company Regulator: ASIC". Retrieved 15 September 2012.
- ^ "A Review of the Research on the Past Performance of Managed Funds" (PDF). Retrieved 8 October 2012.
- ^ "Taking Stock, ASX News October 2003" (PDF). Retrieved 15 September 2012.
- ^ "The Importance of Market Integrity: An analysis of ASX self regulation by James Rydge and Carole Comerton-Forde" (PDF). Retrieved 15 September 2012.
- ^ "Australian Institute of Criminology, Emerging trends. Feb 2011" (PDF). Retrieved 15 September 2012.
- ^ "SIRCA University Partnerships". Retrieved 1 November 2012.
- ^ "2012 Australian Financial Markets Report" (PDF). Retrieved 1 November 2012.
- ^ "Thomson Reuters Tick History". Retrieved 15 September 2012.
- ^ "SIRCA Board". Retrieved 1 November 2012.
- ^ "SIRCA Executive". Retrieved 1 November 2012.