Mexico's BMV to Use Nasdaq Smarts for Market Surveillance

Smarts will help monitor predatory HFT practices

Steve Phillips, Nasdaq regional manager of Latin America and the Caribbean

BMV will migrate its current real-time proprietary surveillance system to Smarts, which will be completely up and running by Q3, according Steve Phillips, Nasdaq regional manager of Latin America and the Caribbean.

Pedro Díez, market surveillance director of BMV, added in a statement, "The Smarts solution fortifies the capacities of reviewing operations that are traded in our market, enhancing Bolsa's abilities for detecting patterns of behavior internationally recognized as contrary to good

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