NASDAQ OMX's SMARTS Reaches Buy-Side Through Sterling Trader Partnership
- The Chicago-Based Broker-Dealer to Offer Its Buy-Side Clients Access to the Industry-Leading Market Surveillance Solution
“Speed to market and SMARTS Broker‘s cross-market functionality was very important in our decision to partner with NASDAQ OMX,” said Stephen A. Sierszulski, Chief Executive Officer, Sterling Trader. “There is strong demand from our buy-side customers for a surveillance solution that’s quick-to-market and one which robustly monitors trading activity for better transparency. We're proud to be able to offer SMARTS Broker to these customers, and foresee great demand as they look to further strengthen their surveillance responsibilities and keep pace with existing and future regulatory demands.”
SMARTS Broker will provide analysis and sophisticated alerts for various forms of market abuse, including insider trading, market manipulation, violations of order handling rules and irregular trading patterns by automated and high frequency trading platforms.
“We‘re very pleased to be supporting Sterling Trader and their buy-side customers’ surveillance and compliance initiatives through this partnership,” said Paul McKeown, Vice President of Market Technology, NASDAQ OMX. “The opportunity to address the growing surveillance and compliance needs of the buy-side industry is a significant area of growth for the SMARTS business - we're proud to be partnering with Sterling Trader on this endeavor. ”
With rapid expansion into the U.S. market, SMARTS Broker is used by over 60 tier-one and tier-two broker-dealers globally and is capable of supporting equities, derivatives and OTC markets. SMARTS surveillance solutions operate in more than 40 national exchanges and regulators, and more than 70 market participants across 55 markets.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century.
Website: http://www.nasdaqomx.com
Contact
NASDAQ OMX Media Contact
Ryan Wells
646.581.4286 (Mobile)
Send Email
Sterling Trader Media Contact
Stephen A. Sierszulski
312.346.9600 (Office)
Send Email
This news is a press release provided by The NASDAQ OMX Group. Korea Newswire follows these editorial guidelines.
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2018년 3월 7일 12:46