Shanghai Futures Exchange Launches New Market Surveillance Platform Powered by Nasdaq’s SMARTS
October 19 2016 - 2:00AM
Nasdaq (Nasdaq:NDAQ) have officially announced that Shanghai
Futures Exchange (SHFE), one of the world’s largest futures
markets, has launched a new market surveillance platform powered by
SMARTS, Nasdaq’s flagship surveillance solution.
“We are truly honored to be working with Shanghai
Futures Exchange on their market surveillance efforts and believe
that our partnership underscores the exchange’s commitment to
maintaining the integrity and transparency of their marketplace,”
said Ulf Carlsson, Vice President and Regional Manager, North Asia
and Japan, Nasdaq. “As the Chinese exchange continues to increase
its footprint globally, it simultaneously needs market monitoring
capabilities that are scalable and match this growth. Our
technology is proven across the board to be a true leader in the
surveillance space, and we look forward to a long relationship with
SHFE and supporting them in their efforts.”
The new system processes significant volumes of
market information in real-time for SHFE to detect anomalies and
also includes tools that allow analysts to make sense of the vast
amounts of data for investigative purposes.
“We’re excited to work with such a rapidly
developing exchange as the Shanghai Futures Exchange,” said Tony
Sio, Head of Exchange & Regulator Surveillance, Market
Technology, Nasdaq. “Markets globally have become increasingly
sophisticated, and we continuously develop new technology to allow
exchanges to monitor this activity. By taking in vast quantities of
market events at the lowest level of detail, the tools build
advanced models of the overall market as well as each participant's
behavior. Collaborating closely with SHFE, we have been able
to incorporate the unique characteristics of a Chinese exchange
into the solution. Market integrity is core to effective
marketplaces and it is a privilege to be able to assist
SHFE as the exchange evolves and grows.”
SMARTS Surveillance solutions power monitoring for
more than 120 market participants, 45 exchanges and 13 regulators
globally.
About NasdaqNasdaq
(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 3,600 listed companies with a market
value of approximately $9.6 trillion and more than 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
About Shanghai Futures
ExchangeOrganized under relevant rules and regulations,
the Shanghai Futures Exchange (SHFE), or the Exchange, is a
self-regulated entity that is under the uniform regulation by the
China Regulatory Commission (CSRC) and performs functions as
specified in its By-laws and the state laws and regulations.
Currently there are 14 futures commodities available for trading on
SHFE. There are over 200 members now in the Exchange, among which
about 80% are futures-firm members. And the exchange has already
set up more than 700 distant trading terminals nationwide.
NDAQG
For Media Inquiries:
Nasdaq:
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ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
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