Nasdaq to Deliver SMARTS Trade Compliance Technology to Koch Supply & Trading
February 02 2016 - 7:00AM
NEW YORK, Feb. 02, 2016 (GLOBE
NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ), the world's leading
provider of market technology, today announced it will deliver
SMARTS Trade Surveillance compliance technology to Koch Supply
& Trading (KS&T). KS&T companies actively
participate in a range of energy and commodity markets
worldwide.
The SMARTS Trade Surveillance technology, which is
now live across the major energy and metals markets, will be
leveraged across KS&T's span of exchange trading in energy,
metals and other commodity products. The surveillance technology
analyzes trade data and translates certain exchange guidelines and
rules into compliance alerts to supplement KS&T's existing
exchange trading compliance programs. The addition of SMARTS
will bring greater clarity to the compliance processes in the
futures markets they trade.
"In an evolving marketplace where firms are
trading across multiple markets and asset classes, greater
compliance and regulatory focus is required," said Valerie
Bannert-Thurner, Vice President and Head of Risk & Surveillance
Solutions, Nasdaq. "We are dedicated to continuously expanding our
offering and investing further into OTC asset classes. We look
forward to serving KS&T and collaborating with a firm that is a
leader in their industry."
With over 20 years of experience as the industry
benchmark for surveillance platforms, Nasdaq SMARTS technology
powers surveillance and compliance for over 40 marketplaces, 12
regulators and 110 market participants across 65 markets globally.
SMARTS Trade Surveillance for Energy is available to all energy
market participants, including producers, marketers, utilities,
commodity trading firms, commercial end users and energy desks at
financial institutions.
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 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 $9.6 trillion and nearly 10,000 corporate clients.
To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com.
NDAQG
For Media Inquiries:
Nasdaq
Ryan Wells
+44 (0) 7809 596 390
ryan.wells@nasdaq.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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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