Waters Rankings 2017: Best Market Surveillance System Provider—Nasdaq
Nasdaq has been piling up the wins in this category.

Smarts allows firms to proactively monitor market manipulation—including spoofing and layering—detect and deter manipulative tendencies, gather intelligence, carry out trader monitoring and analysis, conduct multi-asset and cross-market surveillance, and execute risk-based supervision of flagged participants. It gathers information via direct feeds from trading venues and provides visualizations and alerts to make that sea of information more easily understandable via a readable snapshot. This has become crucial, as regulators across the globe are digging deeper into market abuse cases, while folding in new regulatory requirements around surveillance.
Smarts has two decades of capital markets experience and as such, it is currently used to monitor almost 50 marketplaces globally, and it is used by 17 regulators and 140 market participants in 65 countries.
Nasdaq has been busy this year adding to its stable of companies using the Smarts platform. The Nigerian Stock Exchange is using Smarts to power its new market surveillance platform, as is the Shanghai Futures Exchange and the Tokyo Commodity Exchange. The Investment Industry Regulatory Organization of Canada (IIROC) also signed on to use the platform for market surveillance. NEX Group will use it to monitor its FX and fixed-income trading venues—run through its subsidiary EBS BrokerTec—to monitor for and seek out instances of fraud and market abuse. BM&FBovespa has extended its agreement with Nasdaq to cover equities, commodities and futures markets, and SIX Swiss Exchange extended its contract and is using Smarts to underpin surveillance of its dark pool, SIX Swiss Exchange At Midpoint (SwissAtMid).
Nasdaq has been busy piling up the hardware over the last 12 months, underling its status as the premier provider of market surveillance technology and services to the capital markets. At this year’s Sell-Side Technology Awards held in April, it took home three trophies—best alliance or partnership, best overall sell-side product of the year, and best sell-side market surveillance product—while at the Inside Market Data/Inside Reference Data Awards, it won for best low-latency data/technology provider category. Late last year at the Buy-Side Technology Awards in London, it won the best market surveillance platform category and in this year’s Operational Risk Awards, it also took home the best market surveillance product gong, illustrating its impressive consistency and versatility across markets. That’s a lot of winning with no end in sight.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
AFTAs 2023: All the winners and why they won
Here are the winners of the 30 categories in the 2023 American Financial Technology Awards. This year's multi-category winners are JP Morgan, Morgan Stanley, Goldman Sachs, Northern Trust and Wells Fargo.
AFTAs 2023: Best IT team (buy side)—TCW Group
Team name: Architecture and Engineering Team (AET)
AFTAs 2023: Best third-party technology vendor IT team—Devexperts
Project name: DXtrade XT
AFTAs 2023: Best reporting initiative—Northern Trust
Project: Service Governance Reporting Dashboards
Buy-Side Technology Awards 2023: All the winners and why they won
Here are the 37 category winners comprising the 2023 Buy-Side Technology Awards.
BST Awards 2023: Best buy-side execution venue—360T
Product: 360T
BST Awards 2023: Best buy-side EMS—360T
Product: 360T EMS