NEW YORK and SHANGHAI, China, Oct.
19, 2016 (GLOBE NEWSWIRE) -- 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 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 3,600 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 Exchange
Organized 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