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Nasdaq gets Smarts

07 September 2010

Nasdaq OMX has acquired Smarts Group, a provider of market surveillance solutions to exchanges, regulators and brokers.

Read more: Nasdaq OMX Smarts Group

This is part of Nasdaq OMX's strategy to diversify its commercial technology business and enter the broker surveillance and compliance market.

Smarts will be part of the Nasdaq OMX Market Technology business, which delivers technology to over 70 marketplaces in more than 50 countries. The transaction is expected to close in the third quarter of 2010.