Source: Nasdaq OMX
The Mako Group (Mako), a leading provider of liquidity in derivatives, has selected NASDAQ OMX's SMARTS Broker solution to monitor trading activity across its derivatives markets.
Mako will launch SMARTS Broker surveillance coverage across Eurex, NYSE Euronext LIFFE in London, Paris and Amsterdam, Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), Chicago Board of Trade (CBOT) and Deutsche Borse (Xetra).
Mako enables its market-makers to price and trade large inventories of derivatives, while also providing its surveillance department with compliance tools covering all asset classes and markets to keep pace with the continually evolving regulatory landscape. Mako will use SMARTS Broker, an automated and fully hosted trade surveillance service which protects its clients by monitoring trade activity for suspicious behavior and potential market abuse. With in-depth data analysis, intuitive visualization tools and real-time alert algorithms, Mako's surveillance department will have the highest level of transparency across global derivatives trading venues in a single, consolidated view.
"We are pleased that Mako has chosen SMARTS Broker to manage its derivatives surveillance. Mako's solution will reduce the cost and complexity of monitoring a global portfolio, while enabling scarce compliance resources to re-focus energy on incident resolution and proactive surveillance practices," said Paul McKeown, Vice President of Market Technology at NASDAQ OMX. "SMARTS Broker helps over 65 broker-dealers in 35 countries maintain true market integrity by leveraging risk management, compliance and surveillance solutions for trading in the public markets and over the counter."