Today: February 26, 2017, 4:06 pm
  
Business

Nasdaq to Power EBS BrokerTec's Market Surveillance Efforts

PR-Inside.com: 2017-02-16 14:03:01

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 Ottersgård, 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



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via Globenewswire




# 812 Words
Related Articles
More From The Author
Codeta Picks up Gong at iGB Affiliate [..]
Ground-breaking live dealer operator Codeta.com : The operator’s affiliate program, Codetaff.com : Codeta.com was up against other [..]
Atos confirmed as first official supporter of [..]
Paris, Glasgow, 16th February 2017 -Atos, a leader in digital transformation, has today been confirmed as the first official supporter [..]
Xura's Security Customers Benefit from Telecoms Application [..]
Leadership in machine-learning has propelled Xura's network security solutions to best-in-class - see this in action at [..]
Gibraltar Celebrates Opening of World Trade Center [..]
In spite of a locally unpopular referendum result last June, the business community of Gibraltar is pushing ahead. With 90% [..]
Situs Selected as Loan Servicer, Facility and [..]
Situs, the premier global provider of strategic business solutions for the finance and commercial real estate industries, announced [..]
 
More From Business
Chapelton adds new staff to aid strategic [..]
Kent-based speciality paper and cartonboard supplier, Chapelton, has announced the recruitment of two new members of staff with [..]
How to Groom Yourself On Raksha Bandhan?
Like all special occasion, girls like to prep themselves up for the occasion of Raksha Bandhan. Everyone wants to look [..]
VW Scandal Book Highlights Key Leadership Lessons
Leadership author Steven Howard highlights the many leadership lessons emanating from the Volkswagen diesel emissions test cheating [..]
Role of Flowers during Valentine's Day
Whether you're planning to give—or hoping to receive—Valentine flowers as India gifts this Valentine's Day, brushing up [..]
How to Make Valentine's Day Perfect
It is the month of love and all the love birds around the world are planning something or the other [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.