Waters Rankings 2017: Best Market Surveillance System Provider—Nasdaq
Nasdaq has been piling up the wins in this category.
Smarts allows firms to proactively monitor market manipulation—including spoofing and layering—detect and deter manipulative tendencies, gather intelligence, carry out trader monitoring and analysis, conduct multi-asset and cross-market surveillance, and execute risk-based supervision of flagged participants. It gathers information via direct feeds from trading venues and provides visualizations and alerts to make that sea of information more easily understandable via a readable snapshot. This has become crucial, as regulators across the globe are digging deeper into market abuse cases, while folding in new regulatory requirements around surveillance.
Smarts has two decades of capital markets experience and as such, it is currently used to monitor almost 50 marketplaces globally, and it is used by 17 regulators and 140 market participants in 65 countries.
Nasdaq has been busy this year adding to its stable of companies using the Smarts platform. The Nigerian Stock Exchange is using Smarts to power its new market surveillance platform, as is the Shanghai Futures Exchange and the Tokyo Commodity Exchange. The Investment Industry Regulatory Organization of Canada (IIROC) also signed on to use the platform for market surveillance. NEX Group will use it to monitor its FX and fixed-income trading venues—run through its subsidiary EBS BrokerTec—to monitor for and seek out instances of fraud and market abuse. BM&FBovespa has extended its agreement with Nasdaq to cover equities, commodities and futures markets, and SIX Swiss Exchange extended its contract and is using Smarts to underpin surveillance of its dark pool, SIX Swiss Exchange At Midpoint (SwissAtMid).
Nasdaq has been busy piling up the hardware over the last 12 months, underling its status as the premier provider of market surveillance technology and services to the capital markets. At this year’s Sell-Side Technology Awards held in April, it took home three trophies—best alliance or partnership, best overall sell-side product of the year, and best sell-side market surveillance product—while at the Inside Market Data/Inside Reference Data Awards, it won for best low-latency data/technology provider category. Late last year at the Buy-Side Technology Awards in London, it won the best market surveillance platform category and in this year’s Operational Risk Awards, it also took home the best market surveillance product gong, illustrating its impressive consistency and versatility across markets. That’s a lot of winning with no end in sight.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Asia Awards 2024: Best transaction-cost analysis (TCA) solution—big xyt
Product: Open TCA
Asia Awards 2024: Best middle-office platform—EquiLend
Product: EquiLend Spire
Women in Technology & Data Awards 2024 winner's interview: Joanna Davies (OSTTRA)
OSTTRA's Joanna Davies won the vendor professional of the year (data and operations) category in this year’s Women’s awards.
WatersTechnology Asia Awards 2024: All the winners and why they won
Here are the vendor and end-user winners of the 34 categories that make up the 5th annual WatersTechnology Asia Awards, announced on June 20.
Asia Awards 2024: Best analytics solution—oneZero
Product: oneZero Data Source
Asia Awards 2024: Best alternative data provider—RavenPack
Product: RavenPack Factor Library