The Philippine Dealing and Exchange Corporation (PDEx) has selected Nasdaq OMX's SmartsOnline market surveillance system to monitor market activity across the fixed income market in the Philippines.
Nasdaq OMX already powers PDEx's trading through its X-stream trading solution.
"The Philippine domestic bond market is proud to partner up again with NASDAQ OMX in bringing order and a level playing field to the local community of fixed income market stakeholders," says Vicente Castillo, chairman and CEO of PDEx. "Nasdaq OMX has been our infrastructure partner since we opened the market in 2005. Due to the power of its surveillance systems and the natural synergies with our platform this selection was an easy choice."
The Smarts brand of surveillance solutions operate in more than 40 national exchanges and regulators, and more than 70 market participants across 55 markets.
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