The exchange groups renew their partnership to continue fighting market abuse and increase transparency in the Brazilian market
NEW YORK and SAO PAULO, Brazil, Aug. 18, 2016 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq:NDAQ) has announced today the extension of their contract regarding BM&FBOVESPA’s – the largest stock exchange in Latin America – use of the SMARTS Market Surveillance platform across Brazil’s equities, commodities and futures markets.
Nasdaq has been working with BM&FBOVESPA since 2011, helping to detect irregularities and market abuse in the Brazilian market. As well as continuing to provide high quality market surveillance solutions, Nasdaq will be upgrading the exchange to the latest version of SMARTS, which includes a broad set of enhancements such as new modules, improved performance and capacity, and new visualizations to aid investigation.
“We sincerely appreciate the trust and confidence BVMF has shown by extending the relationship for an additional five years with us,” said Valerie Bannert-Thurner, Vice President and Head of Risk & Surveillance Solutions, Nasdaq. “Here at Nasdaq, we are dedicated to providing world class market surveillance solutions, and we are proud that we can continue to deliver our services to BM&FBOVESPA, who we consider a highly valuable partner. We look forward to continuing to work with them to provide the highest level of market integrity.”
SMARTS Surveillance solutions power monitoring for more than 120 market participants, 45 exchanges and 13 regulators globally.
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 70 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 approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
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