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Philippine Dealing and Exchange selects Nasdaq OMX market surveillance tech

20 February 2013  |  1269 views  |  0 Source: Nasdaq OMX

The Nasdaq OMX Group, Inc. (Nasdaq:NDAQ) and the Philippine Dealing and Exchange Corporation (PDEx) today announced that PDEx has selected Nasdaq OMX's SmartsOnline market surveillance system to monitor market activity across the fixed income market in the Philippines.

SMARTSOnline blends quick time-to-market and extensive support with the rich functionality of the SMARTS Integrity platform to monitor market activity.

"It is an honor to partner again with a growing, well-recognized leader in Southeast Asia like PDEx," said Lars Ottersgard, Senior Vice President of Market Technology, NASDAQ OMX. "Our SMARTSOnline technology will allow PDEx to undertake real-time surveillance and shorten investigation time for fraudulent activities."

The selection of NASDAQ OMX's SMARTSOnline marks the second opportunity for collaboration for these companies, as NASDAQ OMX currently powers PDEx's trading through its X-stream trading solution.

"The Philippine domestic bond market is proud to partner up again with NASDAQ OMX in bringing order and a level playing field to the local community of fixed income market stakeholders," said Vicente B. Castillo, Chairman and CEO, PDEx. "NASDAQ OMX has been our infrastructure partner since we opened the market in 2005. Due to the power of its surveillance systems and the natural synergies with our platform this selection was an easy choice. Our relationship with NASDAQ OMX has been most fruitful and we look forward to the gains we can achieve together as the Philippine market expands and evolves."

Operating in more than 40 national exchanges and regulators, and more than 70 market participants across 55 markets, SMARTS surveillance solutions are helping customers respond to the ever changing regulatory landscape. 

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