Nasdaq OMX Extends SMARTS to Energy
The SMARTS Surveillance for Energy module enables producers, marketers and traditional financial services firms to proactively monitor trading across both physical and financial energy markets through its ability to detect suspicious trading behaviors, document all potential instances of abuse, and protect against market manipulation.
Alerting capabilities include price manipulation scenarios, banging the close or open, physical versus financial-related index manipulation, uneconomic trading, use of market power at discrete time intervals or contract markets, order book abuse such as spoofing, layering, excessive corrections, quote stuffing, insider trading, front-running, collusion and parking trades.
"As regulators such as the CFTC, Federal Energy Regulatory Commission (FERC) and Agency for the Cooperation of European Regulators (ACER) increase their focus on improving integrity and transparency in the energy markets through global initiatives including the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), Dodd-Frank and Order 670, market participants are monitoring proactively their energy trading activity," says Rob Lang, vice president and head of SMARTS. "In developing this module, we are proud to collaborate with both our customers and expanding beyond that community to include those producing energy or that trade energy assets for hedging purposes, and are focusing much more attention on their surveillance practices both domestically and internationally."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
This Week: FCA, Plato/Turquoise, Franklin Templeton, and more
A summary of the latest financial technology news.
CME: CFTC OKs clearing move to Google Cloud
The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.