Nasdaq Extends Tie, Boosts Surveillance Solutions in Brazil

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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.




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).

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