The Capital Markets Cooperative Research Centre is a leading edge research facility focusing on improving the integrity of securities markets. Its combination of academic research and industry expertise fosters innovative research and products on market efficiency¹ and market integrity² that place it at the forefront of developments in optimal market design, and whose commercial success is testament to the relevance of its research and innovations³.

The CMCRC’s links with, and presence in, the securities markets have allowed the Centre to accumulate an extensive data bank over the past ten years, providing breadth and depth of data to its research and products. This data combined with its extensive hardware and software has enabled it to build innovative new products like the Market Quality Report which enable it to compare and contrast securities markets located anywhere in the world on efficiency and integrity.

Off the back of its data and software the CMCRC also works in a range of related areas which range from the provision of expert witness services to parties involved in legal disputes to the design and back testing of algorithmic trading tools We briefly describe the major services offered by the consulting services of the CMCRC on the following pages.

¹ As proxied by transaction costs and price discovery.
² As proxied by insider trading, market manipulation and broker-client conflict.
³ SMARTS.broker which is now used by 150 brokers across 38 countries was jointly developed by SMARTs and the CMCRC.