Nasdaq to Power EBS BrokerTec’s Market Surveillance Efforts

EBS BrokerTec to leverage the multi-asset capabilities of Nasdaq’s SMARTS system to perform surveillance in the US Treasuries, FX and US & EU repo markets

NEW YORK and LONDON, Feb. 16, 2017 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: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.”

About NEX Group

NEX Group plc offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. NEX is headquartered in London with offices worldwide. For more information, please visit www.nex.com

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 85 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of $10.0 trillion and approximately 18,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com

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For Media Inquiries:

Nasdaq:
Ryan Wells
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Direct: +44 (0) 20 3753 2231
Mobile:  +44 (0) 7809 596 390

NEX Group:
Bryony Scragg
[email protected]
Direct: +44 (0) 207 818 9689