Organization:SIRCA

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SIRCA
Sircalogo.png
Founded1997
FounderMichael Aitken
TypeNot-for-profit organization with the Australian Securities & Investments Commission
FocusData Science, E-Science, Open Innovation, Computational finance, Enabling Technologies
Location
Area served
Global
Key people
David Sharp, CEO; Gail Pemberton-Burke, Chair
Websitewww.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

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

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

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

References

  1. "Surveillance and Compliance at NASDAQ OMX". http://www.nasdaqomx.com/technology/marketplacesolutions/surveillancecompliance/. Retrieved 2012-09-15. 
  2. "SIRCA incorporation records at the Australian Government's Company Regulator: ASIC". https://connectonline.asic.gov.au/RegistrySearch/faces/adf.task-flow?adf.tfId=panelSearch&adf.tfDoc=/taskflows/panelSearch.xml&searchType=OrgAndBusNm&searchText=080496993. Retrieved 2012-09-15. 
  3. "A Review of the Research on the Past Performance of Managed Funds". http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/FMRC_Report.pdf/$file/FMRC_Report.pdf. Retrieved 2012-10-08. 
  4. "Taking Stock, ASX News October 2003". https://www.asxonline.com/intradoc-cgi/groups/participant_services/documents/information/asx010281.pdf. Retrieved 2012-09-15. 
  5. "The Importance of Market Integrity: An analysis of ASX self regulation by James Rydge and Carole Comerton-Forde". http://www.asx.com.au/documents/resources/The_Importance_of_Market_Integrity_-_September_2004.pdf. Retrieved 2012-09-15. 
  6. "Australian Institute of Criminology, Emerging trends. Feb 2011". http://www.aic.gov.au/about_aic/research_programs/staff/~/media/staff_presentations/tomison_adam/2011-02-future-trends.pdf. Retrieved 2012-09-15. 
  7. "SIRCA University Partnerships". http://www.sirca.org.au/about-sirca/members/. Retrieved 2012-11-01. 
  8. "2012 Australian Financial Markets Report". http://www.afma.com.au/afmawr/_assets/main/lib90013/afma%20-%20afmr12%20-%20final%20-%20121012.pdf. Retrieved 2012-11-01. 
  9. "Thomson Reuters Tick History". http://thomsonreuters.com/products_services/financial/financial_products/a-z/tick_history/. Retrieved 2012-09-15. 
  10. "SIRCA Board". http://www.sirca.org.au/about-sirca/sirca-board/. Retrieved 2012-11-01. 
  11. "SIRCA Executive". http://www.sirca.org.au/about-sirca/sirca-team/. Retrieved 2012-11-01. 

External links