Smarts Integrity will provide the FSA with a surveillance platform for the detection of market abuse across financial instruments admitted to trading on regulated or prescribed markets including any underlying derivatives.

Nasdaq OMX says its technology will also be scalable and extensible, ensuring the UK watchdog can meet future European legislation such as the Markets in Financial Instruments Regulation and Market Abuse Regulation.

Paul McKeown, VP, market technology, Nasdaq OMX, says: " This new partnership marks an important achievement for our Smarts Integrity product in the European marketplace, with more than 55 percent of all European equity trading now being monitored through our software."