DBS Accelerates Market Integrity Efforts Leveraging Nasdaq Surveillance Technology
September 29 2022 - 7:00AM
Nasdaq (Nasdaq: NDAQ) and DBS, a leading financial services group
in Asia and Southeast Asia’s largest bank, announced today that DBS
will leverage Nasdaq Trade Surveillance technology to advance its
surveillance and market integrity efforts. Nasdaq’s Trade
Surveillance solutions will enable DBS to enhance its abilities to
analyze comprehensive market abuse surveillance scenarios and
patterns and detect trading anomalies across equities and
derivatives markets as well as OTC FX markets.
The technology will provide DBS with a consolidated, flexible,
and user-friendly view to manage and monitor market conduct across
multiple trading venues and asset classes, while enabling DBS’
trade surveillance team to detect, investigate, and document a wide
array of market abuse behaviors through alerts that can be tailored
to subsets of the market and asset classes. Used across
institutional segments, the technology will enhance DBS’ ability to
detect and respond swiftly to potential risks of market abuse and
help analysts optimize their time spent. The SaaS-deployed
technology solution widely used by regulators, exchanges and banks
worldwide can effectively detect patterns of market abuse behaviors
with over 200 tailored alerts.
“The confidence that markets and our clients have in DBS as a
safe and trusted banking group is anchored in our ability to detect
and respond to anomalous activity, which in turn calls for a robust
surveillance and prevention infrastructure,” said Ko Chin Siong,
Chief Operating Officer for DBS Vickers, the brokerage arm of DBS.
“Nasdaq’s solutions add to the suite of cutting-edge technologies
DBS deploys to enhance our surveillance capabilities at all levels,
and will enable us to better protect our clients’ interest.”
“DBS will leverage Nasdaq’s cutting-edge robust technology as
they seek to advance its surveillance capabilities to protect its
clients from market abuse,” said Valerie Bannert-Thurner, Senior
Vice President of Anti-Financial Crime Technology, Nasdaq. “They
join a growing community of leading financial institutions, and
retail brokerage firms specifically, across the region and beyond
that leverage Nasdaq’s surveillance technology trusted by
regulators to help track suspicious activities across markets and
asset classes, and ultimately safeguard investors worldwide. We
look forward to partner with DBS as they grow their business and
evolve its market integrity efforts.”
Nasdaq’s end-to-end market technology powers more than 2,300
companies in 50 countries, spanning the world’s financial industry,
including capital markets infrastructure operators, market
participants, banks, and regulators.
About NasdaqNasdaq (Nasdaq: NDAQ) is a
global technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
About DBSDBS is a leading financial services
group in Asia with a presence in 18 markets. Headquartered and
listed in Singapore, DBS is in the three key Asian axes of growth:
Greater China, Southeast Asia and South Asia. The bank's "AA-" and
"Aa1" credit ratings are among the highest in the world.Recognised
for its global leadership, DBS has been named “World’s Best Bank”
by Euromoney, “Global Bank of the Year” by The Banker and “Best
Bank in the World” by Global Finance. The bank is at the forefront
of leveraging digital technology to shape the future of banking,
having been named “World’s Best Digital Bank” by Euromoney and the
world’s “Most Innovative in Digital Banking” by The Banker. In
addition, DBS has been accorded the “Safest Bank in Asia” award by
Global Finance for 14 consecutive years from 2009 to 2022.DBS
provides a full range of services in consumer, SME and corporate
banking. As a bank born and bred in Asia, DBS understands the
intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers,
and positively impacting communities through supporting social
enterprises, as it banks the Asian way. It has also established a
SGD 50 million foundation to strengthen its corporate social
responsibility efforts in Singapore and across Asia.With its
extensive network of operations in Asia and emphasis on engaging
and empowering its staff, DBS presents exciting career
opportunities. For more information, please visit www.dbs.com.
Media Contacts
NasdaqYan-yan
Tongyan-yan.tong@nasdaq.com+1 240 721 80 66
DBSTim Mou HuiVice President, Group Strategic
Marketing & Communications, DBSmouhuitim@dbs.com
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