Today: July 20, 2018, 6:33 pm
  
Business

HKEX Deploys Nasdaq SMARTS Machine Learning Technology for Market Surveillance

PR-Inside.com: 2018-04-16 08:04:01

STOCKHOLM, Sweden, April 16, 2018 (GLOBE NEWSWIRE) -- Nasdaq Inc. (Nasdaq:NDAQ) has announced that Hong Kong Exchanges and Clearing Limited (HKEX) is the first exchange customer in Asia to successfully deploy Nasdaq SMARTS Market Surveillance's latest machine learning and participant relationship discovery technology across its equity market, enhancing its capabilities to safeguard market integrity, and better protect investors.

Nasdaq has worked closely with HKEX's Market Surveillance team in implementing machine learning to analyze unusual trading activities and their subsequent categorization by surveillance analysts. The aim of these algorithms is to predict which actions analysts are likely to take based upon their handling of historical activity as well as discovering new relationships within the data. With new machine learning capabilities, the surveillance functions of HKEX will be strengthened by increased efficiency by focusing on unusual trading activity. 

"As a market operator, we have always strived to be at the forefront of embracing and applying emerging technologies that will strengthen the integrity of our markets," said Garbo Cheung, Managing Director and Head of Market Surveillance and Monitoring, HKEX. "We look forward to continuing our collaboration with the SMARTS team in further building our machine learning capabilities in our market surveillance endeavours." 

"HKEX has been instrumental in contributing to this collaboration and embracing emerging technology to protect market participants," said Valerie Bannert-Thurner, Senior Vice President and Head of Risk & Surveillance Solutions, Nasdaq. "The evolution of SMARTS is heavily driven through client collaboration and our mutual interest in improving and maintaining market integrity, and we look forward to supporting their continual innovative approach to market surveillance."

The machine learning capabilities will initially be used to prioritize the surveillance workflow. The technology predicts the likelihood that the event will lead to an action by an analyst. This will particularly help in situations where work load is high, such as during the opening and closing of the markets. The new prioritization ranking is then used to complement traditional quality controls in relation to alert handling, which then enables surveillance officers to identify outliers where the actual handling of alerts has differed from the prediction of the algorithm.

Further, SMARTS has also supplied enhanced trade relationship visualization to complement a suite of market abuse alerts targeting group activity. The new visualizations enhance the efficiency of HKEX to immediately review how participants coordinate trades through multiple accounts for all historical market activity.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. 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 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com

For Media Inquiries:

Nasdaq
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390

NDAQG




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




# 737 Words
Related Articles
More From The Author
Publication of NIBE's Annual Report for 2017
NIBE's Annual Report for 2017 is now available on the website, www.nibe.com. The complete annual report is sent to all [..]
MSAB: Call for Annual General Meeting 2018
Shareholders inMICRO SYSTEMATION AB (publ) are hereby given notice to attend the Annual General Meeting (AGM) on Tuesday, 15 [..]
TGS notice of annual general meeting
ASKER, NORWAY (16 April 2018) - The 2018 annual general meeting of TGS-NOPEC Geophysical Company ASA ("TGS" or the [..]
American Lending Center Announces Taiwan Expansion
American Lending Center (ALC) - a leading EB-5 regional center and subsidiary of Regional Centers Holding Group - today announced [..]
Telix Pharmaceuticals, INSERM and ARRONAX Enter into [..]
MELBOURNE, Australia and NANTES, France, April 16, 2018 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX:TLX) ("Telix", the [..]
 
More From Business
Tarps Now Expansion to New St. Joseph [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce completion of its move to its newest operations [..]
The Tidy Maids Announces Scholarship Winner
RALEIGH, NC – JUNE 14, 2018 – The Tidy Maids Raleigh house cleaning and maid services is pleased to announce [..]
Introducing Worldwide Rakhi Delivery with Free Shipping: [..]
New Delhi, India, July 2018 - Are you planning to send Rakhi to Dubai? Avail the latest free shipping offer [..]
E. & J. Gallo Winery Gets Strong [..]
St. Helena, Calif. - Industrial Door Company, a local commercial door business since 1985, just replaced the exterior doors at [..]
29th Hong Kong Book Fair Opens with [..]
Theme of the Year: "Romance Literature"; 310 Cultural Events HONG KONG, July 18, 2018 - (ACN Newswire) - The 29th [..]

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.