EBS BrokerTec to leverage the multi-asset capabilities of Nasdaq's
SMARTS system to perform surveillance in the US Treasuries, FX and
US & EU repo markets
NEW YORK and LONDON, Feb. 16, 2017
(GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today
announces that it has been competitively selected to deliver its
SMARTS Market Surveillance technology to EBS BrokerTec, a NEX Group
business that provides electronic trading technology and services
to the fixed income and foreign exchange (FX) markets. SMARTS
Market Surveillance will be integrated within the EBS and BrokerTec
platforms to monitor the US Treasuries, FX, and US and EU repo
markets order submission and trading behavior. Nasdaq and EBS
BrokerTec have been technology partners since 1999.
"The EBS and BrokerTec platforms are the industry
standards for the markets that we operate in and as such we have an
obligation to protect the integrity of the FX and fixed income
markets at all times," said Dan Cleaves, Co-Head of EBS BrokerTec
Markets. "Nasdaq's SMART Market Surveillance technology is the most
advanced in the market and will support us in monitoring overall
trading activity and ensure a healthy ecosystem for all of our
customers."
SMARTS Market Surveillance uses contextualized
detection algorithms to identify the entire spectrum of trading
behaviors across multiple products.The platform is able to detect
patterns in real-time and has been implemented in all asset
classes, including equities, fixed income, FX, derivatives, swaps,
commodities and power. Alerts and visualisations specific to these
asset classes enable the analyst to quickly identify issues and
explore the data for further behavioural discovery.
"We are thrilled to expand our long and successful
partnership with EBS BrokerTec as they continue to invest in new
technologies that will support their efforts in trade monitoring
and maintaining the integrity of their global markets," said Lars
OttersgÄrd, Executive Vice President and Head of Market Technology,
Nasdaq. "Nasdaq is constantly innovating our surveillance solutions
to the benefit of our clients like EBS BrokerTec. We are deeply
focused on exploring and leveraging the technologies of tomorrow
that we can deliver to our clients today."
About NEX Group
NEX Group plc offers customers better ways to
execute trades and manage risk. Our products and services underpin
the entire trade lifecycle pre-, during and post-execution. Our
electronic trading platforms are industry standards. Customers use
our lifecycle management and information services to optimise
portfolios, control risk and reduce costs. We partner with emerging
technology companies to bring greater efficiency, transparency and
scale to the world's capital markets. NEX is headquartered in
London with offices worldwide. For more information, please
visit www.nex.com
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, clearing, exchange technology, listing, information and
public company services across six continents. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 85
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,700 listed companies
with a market value of $10.0 trillion and approximately 18,000
corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
NEX Group:
Bryony Scragg
Bryony.Scragg@nex.com
Direct: +44 (0) 207 818 9689