19 October 2017
Find out more

EBS BrokerTec turns to Nasdaq for market surveillance

16 February 2017  |  2305 views  |  0 Source: Nasdaq

Nasdaq, Inc. (NDAQ) today announces that it has been competitively selected to deliver its SMARTS Market Surveillance technology to EBS BrokerTec, a NEX Group business that provides electronic trading technology and services to the fixed income and foreign exchange (FX) markets.

SMARTS Market Surveillance will be integrated within the EBS and BrokerTec platforms to monitor the US Treasuries, FX, and US and EU repo markets order submission and trading behavior. Nasdaq and EBS BrokerTec have been technology partners since 1999.

“The EBS and BrokerTec platforms are the industry standards for the markets that we operate in and as such we have an obligation to protect the integrity of the FX and fixed income markets at all times,” said Dan Cleaves, Co-Head of EBS BrokerTec Markets. “Nasdaq’s SMART Market Surveillance technology is the most advanced in the market and will support us in monitoring overall trading activity and ensure a healthy ecosystem for all of our customers.”

SMARTS Market Surveillance uses contextualized detection algorithms to identify the entire spectrum of trading behaviors across multiple products.The platform is able to detect patterns in real-time and has been implemented in all asset classes, including equities, fixed income, FX, derivatives, swaps, commodities and power. Alerts and visualisations specific to these asset classes enable the analyst to quickly identify issues and explore the data for further behavioural discovery.

“We are thrilled to expand our long and successful partnership with EBS BrokerTec as they continue to invest in new technologies that will support their efforts in trade monitoring and maintaining the integrity of their global markets,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “Nasdaq is constantly innovating our surveillance solutions to the benefit of our clients like EBS BrokerTec. We are deeply focused on exploring and leveraging the technologies of tomorrow that we can deliver to our clients today.” 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nl Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15537 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8726 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8369 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7819 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6975 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job