Nasdaq to Power EBS BrokerTec’s Market Surveillance Efforts
17 February 2017 - 12:00AM
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
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