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Abu Dhabi Securities Exchange (ADX) and Nasdaq (Nasdaq:NDAQ) have officially agreed on the implementation of an enhanced SMARTS Market Surveillance solution. ADX will leverage the industry-leading SMARTS Market Surveillance onsite solution for real-time market surveillance efforts. The upgraded solution will enhance both performance and flexibility of monitoring activities. ADX has been a SMARTS customer since 2008.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/44b29394-db1f-42d9-b1d2-2c0c4c668e8d
"This new agreement with Nasdaq will contribute to achieving the main objectives of ADX’s overall financial market strategy,” said Mr. Ghanem Al Dhaheri, Deputy CEO of Operations Affairs, ADX. “ADX is increasingly looking to provide innovative and best-in-class solutions and services to investors, members, listed companies and all stakeholders. Our latest partnership with Nasdaq is yet another step to meet and exceed the requirements of ADX’s investor base.”
“ADX prides itself on further developing capital markets in the UAE by providing a transparent marketplace with the utmost integrity,” said Mr. Faycal Belyazid, Lead Sales Executive, Market Technology, Middle East & Africa, Nasdaq. “We are thrilled to help ADX achieve this objective by providing technology that will allow ADX to expand usage possibilities, lower system latency and adapt detection algorithms rapidly in response to market changes.”
“The daily trading activities at ADX necessitate the presence of sophisticated, fitted systems and solutions that meet control and surveillance requirements with the highest levels of efficiency and quality,” said Mr. Abdullah Al Nuaimi, Head of Market Operations and Surveillance, ADX. “This is indeed what SMARTS Market Surveillance solutions will enable ADX to achieve.”
With over 20 years of experience, SMARTS Market Surveillance is the industry benchmark for real-time and T+1 surveillance, supervision and compliance. The technology is currently used by over 52 exchanges and regulators to power market integrity on a global stage.
