ABN Amro Clearing implements Nasdaq OMX Smarts Broker

Source: Nasdaq OMX

ABN Amro Clearing, a business line of ABN Amro, has implemented Nasdaq OMX's Smarts Broker solution for surveillance and compliance monitoring across multiple equity, derivative and commodity markets in Europe, Asia Pacific and the United States.

ABN AMRO Clearing will utilize the automated trade monitoring solution to facilitate quick identification of suspicious trading behavior and intuitive detection of potential market abuse. SMARTS Broker will provide the bank's multi-regional compliance professionals with actionable insight and sophisticated alerts for various forms of market abuse, including insider trading, market manipulation, violations of order handling rules and irregular trading patterns by automated and high frequency trading platforms. The ABN AMRO users of SMARTS Broker are then able to utilize the integrated SMARTS data analysis tools, including Spread Graph and Market Replay, which enables them to quickly and efficiently evaluate the alerted trading, against the background of full historical market data.

Paul Willis, Global Compliance Officer at ABN AMRO Clearing, said: "SMARTS Broker's speed to market and cross-functionality was very important in our decision to partner with an automated trading solution provider. As we continue rolling out new markets to better service our customers across the globe, we will look to further strengthen our surveillance responsibilities and keep pace with the existing and future regulatory demands. SMARTS Broker is a suitable partner for all of these activities."

Paul McKeown, Vice President of Market Technology at Nasdaq OMX, said: "We're very pleased to be supporting ABN AMRO Clearing's global surveillance and compliance endeavors through sourcing, managing and processing the enormous levels of market data and broker data required to run a global surveillance solution on a real-time or post-trade basis.

He added: "SMARTS Broker's flexibility and scalability to add new asset classes and connect to new marketplaces will be valuable for ABN AMBRO Clearing as its business continues to evolve." 

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