LME Takes on Smarts Broker For Surveillance
Smarts Broker gives brokers the ability to monitor, identify and flag trading activity across the three LME trading venues--Select, Phone and Ring. Smarts Broker has customized its data structure for LME, facilitating the setting of alert thresholds on a per venue basis, as well as giving broker-dealers the opportunity to generate granular and detailed visualizations of trading data on a per venue basis. Additionally, LME's daily prompt date attached to futures and spread contracts has been integrated, thereby enabling the setting of alert thresholds on the basis of specific prompt dates.
Smarts Broker is certified to connect to the LME select data drop copy, allowing connectivity to the trading member's order flow and trading executions. The service can typically be set-up within a two-week time span, according to the exchange.
"As commodities continue to become an area where greater compliance and regulatory focus is required, we are dedicated to being ahead of the curve in helping our customers respond to these changing requirements," says Paul McKeown, VP of market technology at NASDAQ OMX.
More on Data Management
As datacenter cooling issues rise, FPGAs could help
IMD Wrap: As temperatures are spiking, so too is demand for capacity related to AI applications. Max says FPGAs could help to ease the burden being forced on datacenters.
Bloomberg introduces geopolitical country-of-risk scores to terminal
Through a new partnership with Seerist, terminal users can now access risk data on seven million companies and 245 countries.
A network of Cusip workarounds keeps the retirement industry humming
Restrictive data licenses—the subject of an ongoing antitrust case against Cusip Global Services—are felt keenly in the retirement space, where an amalgam of identifiers meant to ensure licensing compliance create headaches for investment advisers and investors.
LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
Bloomberg expands user access to new AI document search tool
An evolution of previous AI-enabled features, the new capability allows users to search terminal content as well as their firm’s proprietary content by asking natural language questions.
CDOs must deliver short-term wins ‘that people give a crap about’
The IMD Wrap: Why bother having a CDO when so many firms replace them so often? Some say CDOs should stop focusing on perfection, and focus instead on immediate deliverables that demonstrate value to the broader business.
BNY standardizes internal controls around data, AI
The bank has rolled out an internal enterprise AI platform, invested in specialized infrastructure, and strengthened data quality over the last year.
