Nasdaq SMARTS Wins Best Market Surveillance Product in 2017 OpRisk Awards
14 June 2017 - 10:23PM
NEW YORK, June 14, 2017 (GLOBE NEWSWIRE)
-- Nasdaq (Nasdaq:NDAQ), the world's leading provider of
market technology, was selected as 'Best Market Surveillance
Product' in the 2017 OpRisk Awards. Nasdaq received the award for
its SMARTS Surveillance technology, which enables customers to
proactively mitigate potential market abuse and conduct risk.
The awards aim to showcase excellence in
operational risk management, regulation and risk management service
provision. Entries are judged by a carefully selected panel of op
risk practitioners and other industry experts.
"Being named 'Best Market Surveillance Product' by
OpRisk is an important achievement for Nasdaq," said Valerie
Bannert-Thurner, SVP & Head of Risk & Surveillance
Solutions, Nasdaq. "As regulatory authorities continue to raise the
stakes, having systematic controls and surveillance procedures in
place has become ever more critical in protecting company
reputations worldwide and effectively managing operational risk
from a regulatory perspective. Nasdaq is committed to maintaining a
fair, transparent and safe global marketplace and ensuring that
firms have the tools to do so as well."
The SMARTS Trade Surveillance technology leverages
over 22 years of experience to create meaningful alerts that
analyze complexities in trading across asset classes and trading
venues. The technology automates the detection, investigation and
analysis of potentially abusive or disorderly trading, to help
improve the overall efficiency of the surveillance organization and
reduce cost, even as market complexity and new regulations
increase.
SMARTS has been the industry benchmark for
real-time, cross-market, cross-asset surveillance for 22+ years.
Used by over 3500 compliance professionals around the world, SMARTS
solutions currently power surveillance at 47 marketplaces, 17
regulators and 140+ market participants. A SaaS solution covering
all asset classes, the technology enables surveillance
professionals to monitor trading across 140+ venues globally.
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 3,800 total listings with a market
value of $11 trillion. To learn more,
visit: http://business.nasdaq.com.
NDAQG
Media Relations Contact:
David Augustsson
+46 (0)8405 6135
david.augustsson@nasdaq.com
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
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