Market surveillance tool is being used by energy regulator Acer for Remit
Global exchange group Nasdaq has signed up
the latest exchange clients for its market surveillance
technology, Smarts, set to go live by the end of the year, as
companies continue to ramp up compliance and monitoring
functionality ahead of impending regulatory changes.
Bolsa Mexicana de Valores, Borsa Istanbul
and The Japan Power Exchange have signed up with Nasdaq for the
market surveillance technology, the firm told FOW, and are set
to go live with the tool before the end of 2015.
The company has also signed up the Japan
Exchange Group, though the go-live date is yet to be confirmed,
and said that is in talks with a number of regulators to take
on the system, in line with Mifid II regulations.
After developing the broker surveillance
project with backing from five investment banks as an equities
market offering, the asset coverage has expanded, with the
exchange space historically a positive area of growth for the
business, Michael O’Brien, head of product
management at Smarts Trade Surveillance, told FOW, with new
opportunities opening up across the market.
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