Nasdaq Extends Tie, Boosts Surveillance Solutions in Brazil

0 Comments 12 view(s)

Nasdaq, Inc. NDAQ recently announced its decision to extend the contract with BM&FBOVESPA by another five years. The contract extension pertains to the use of the SMARTS Market Surveillance platform across Brazil’s equities, commodities and futures markets by the latter.

BM&FBOVESPA is the largest stock exchange in Latin America and has been associated with Nasdaq since 2011. The securities exchange has helped BM&FBOVESPA identify irregularities and market abuse in the Brazilian market. Moreover, Nasdaq has provided continued support to the Latin American stock exchange by offering high quality market surveillance solutions.

This apart, the Brazilian stock exchange will be upgraded to the latest version of Nasdaq’s SMARTS Market Surveillance solutions. The upgrade will consist of a wide set of improvements, namely new modules, better performance and capacity, as well as new visualizations to help in the investigation process.

SMARTS Market Surveillance solutions is the leading real-time market surveillance solutions provider in the world with 20 years of experience in this domain. This solution offers organizations a strong platform to manage cross market, cross asset, multi-venue surveillance. It also helps in the early detection of strange trading patterns, which pose threats and might even lead to potential breaches in the exchange trading rules and practices.        

Nasdaq remains committed to providing brilliant world class market surveillance solutions and the aforesaid contract extension reinforces BM&FBOVESPA’ faith and trust in Nasdaq and its services. The securities exchange is also excited to continue working with BM&FBOVESPA, which it deems as a highly valuable partner. Also, Nasdaq will remain focused in providing the highest level of market ethics.

NASDAQ INC Price

 

NASDAQ INC Price | NASDAQ INC Quote

Zacks Rank and Stocks to Consider

Currently, Nasdaq carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space include MarketAxess Holdings Inc. MKTX, Bats Global Markets BATS and CME Group Inc. CME. While MarketAxess sports a Zacks Rank #1 (Strong Buy), both Bats Global Markets and CME Group hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>   

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CME GROUP INC (CME): Free Stock Analysis Report
 
NASDAQ INC (NDAQ): Free Stock Analysis Report
 
MARKETAXESS HLD (MKTX): Free Stock Analysis Report
 
BATS GLOBAL MKT (BATS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Powered by WPeMatico