11 December 2016
Visit aciworldwide.com

Nasdaq OMX to provide Smarts market surveillance platform to trueEX Group

29 July 2014  |  1342 views  |  0 Source: Nasdaq OMX

The Nasdaq OMX Group, Inc. (NDAQ) and trueEX Group LLC, a Commodity Futures Trading Commission (CFTC)-regulated exchange for interest rate swaps, have announced a five-year partnership during which Nasdaq OMX will provide the Smarts Integrity market surveillance platform to trueEX.

The solution is now live and monitors both trueEX's Designated Contract Market (DCM) and its Swap Execution Facility (SEF).

"We're pleased to partner with a market-leader such as trueEX, as we look to assist exchanges to become safer and more transparent for market players across the globe. Our platform is a natural choice for trading platforms and regulators looking to safely optimize trading activity," said Rob Lang, Vice President and Global Head of SMARTS, NASDAQ OMX.

The SMARTS Integrity technology provides trueEX with analytical capabilities that will monitor trading for potential market manipulations as well as provide analytical capabilities and reporting through the SMARTS new SQL interface. As implementation of Dodd-Frank places obligations on SEFs to have a surveillance program in place, SMARTS Integrity will enable trueEX to bring the program in-house and realize cost savings against a fully-outsourced approach.

"We are excited to deploy the NASDAQ SMARTS product at trueEX, as it will revolutionize the way we conduct surveillance, reporting and data analysis," said Karen O'Connor, Chief Operating Officer, trueEX. "This announcement builds on an existing, strong relationship with NASDAQ and is a great complement to an already strong service offering."

trueEX offers market participants the dual benefit of automated execution and clearing in an electronic, CFTC-regulated, DCM exchange in addition to their SEF platform. To date, trueEX has processed more than $1.5 trillion notional in allocations, terminations, offsets, and blended compressions.

SMARTS surveillance solutions operate in more than 50 trading venues and regulators, and more than 90 market participants across 65 markets. SMARTS Integrity will serve as a vital market supervision and control tool. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comVisit aciworldwide.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8964 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8404 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8096 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7378 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6942 views comments | 20 tweets | 24 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job