Brazilian Exchange and Regulator to Partner with Nasdaq OMX Smarts Integrity

BM&FBovespa, the largest stock exchange in Brazil and Latin America, and Bovespa Market Supervision (BSM), the Brazilian self-regulatory organization in charge of inspecting and supervising the transactions and the persons authorized to trade, announced that they will use Nasdaq OMX's Smarts Integrity market surveillance platform to monitor trading across their equities and commodities platforms.

The Smarts Integrity platform will provide automated market surveillance, operations and market oversight. Smarts Integrity gives BM&FBovespa and BSM a portfolio of alerting scenarios for market behaviors. BSM hopes that the platform will increase its ability to maintain a compliant and orderly market.

"Since the second half of 2009, when BSM implemented the automated analysis of all trades containing warnings on transactions with evidence of violation, there has been greater efficiency in the analysis conducted by the BSM staff, who now focuses exclusively on trades that show strong signs of irregularity," says Luis Gustavo da Matta Machado, chief regulatory officer of BSM. "With the implementation of the Smarts Integrity platform, we expect to gain in efficiency and assertiveness, continuing the process of improvement," Smarts can bring more tools for the accomplishment of our self-regulation activities."