Nasdaq Extends Market Surveillance Contract with BM&FBOVESPA
August 18 2016 - 9:00AM
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.
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 $9.3 trillion and more than
17,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
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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