The surveillance technology, which is now live, will be leveraged across their entire span of trading on derivatives and equities markets.

"Since the go-live of SMARTS Broker a few weeks back, we are able to explore, investigate and analyse the trading landscape in a comprehensive way that has improved our market surveillance capabilities to a significant degree," said Tersia Tame, Head of Compliance, The Kyte Group Limited. "It's crucial that we are able to provide such granular analysis for our customers, industry and ourselves in closely monitoring our trading activities to ensure true integrity of the market and to future-proof our investment."

SMARTS Broker will allow Kyte to easily translate regulatory guidelines and rules into trading alerts that identify potential market abuse and disorderly or irregular trading across asset classes. The technology will also enable Kyte to reduce time-to-market and decrease the total cost of ownership via SMARTS' hosted model, as well as reduction in the maintenance of hardware, software and data acquisition.

"Nasdaq is the market leader in delivering global cross market coverage with our SMARTS Broker offering," said Robert Lang, Vice President and Global Head of SMARTS, Nasdaq. "In an evolving marketplace where greater compliance and regulatory focus is required, we are dedicated to being the number one technology provider and offering the expertise that set us apart from our competitors. We look forward to a long-term partnership with Kyte."

With over 20 years of experience as the industry benchmark for real-time and T 1, cross-market surveillance platforms, Nasdaq SMARTS technology powers surveillance and compliance for over 40 marketplaces, 11 regulators and 90 market participants across 65 markets globally.