NASDAQ OMX unveils SMARTS FX Trade Surveillance
NASDAQ OMX has announced the launch of its SMARTS FX Trade Surveillance for global foreign exchange (FX) trading.
The SMARTS FX Trade Surveillance module gives surveillance and compliance teams the ability to monitor trading in FX products for possible manipulation of rate fixes, insider trading/front-running, unusual pricing and other suspect behaviors. As a means to monitor and mitigate risks associated with the FX market, the new SMARTS FX offering provides a comprehensive visualization of all trading in individual currency pairs. This includes Spot, Forward, and Non-Deliverable Forward (NDF) instruments – with forthcoming extensions for FX options. This capability provides compliance professionals with an unprecedented view and deeper understanding of trading activity in the context of market activity and rate fixes.
Moreover, SMARTS enables firms to compare their trading activities against feeds from multiple market data providers as well as their own firms' quoted spread in a single view, thus eliminating the sole dependency on the content of any single market data provider.
"As the regulatory requirements in the FX market continue to evolve, it has been a challenge for brokers and their compliance teams to identify where to initiate monitoring activity and to focus their resources," said Rob Lang, Vice-President & Global Head of SMARTS, NASDAQ OMX.
NASDAQ OMX's comprehensive SMARTS service for equities, options, commodities, fixed income, energy and futures enables compliance teams to source, capture and maintain all trading data elements required to conduct in-depth analysis for cross-market, cross-asset market abuse and market manipulation. Through direct customized exchange feeds and drop copy connections, SMARTS infrastructure sources complete member order and execution data – including private trading data – directly from equities, derivatives and commodities exchanges.
NASDAQ OMX's technology solutions are used by over 10,000 customers in 60 countries consisting of public and private entities, exchanges, regulators and broker-dealers, and powers over 80 marketplaces worldwide.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.