DGAP-News: NASDAQ OMX Launches SMARTS Broker for Trade Monitoring on the London Metal Exchange With Newedge
(firmenpresse) - The NASDAQ OMX Group, Inc.
17.12.2012 13:00
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NEW YORK and LONDON, 2012-12-17 13:00 CET (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the launch of SMARTS Broker
market surveillance solution for commodities trading on the London Metals
Exchange (LME). The launch includes the go-live of two global broker-dealer
customers, including the global multi-asset brokerage Newedge.
The SMARTS Broker surveillance solution gives brokers the ability to monitor,
identify and flag trading activity across the three LME trading venues -
Select, Phone and Ring. SMARTS Broker has customized its data structure to work
with the unique setup of the LME market, facilitating the setting of alert
thresholds on a per venue basis, as well as giving broker-dealers the
opportunity to generate granular and detailed visualizations of trading data on
a per venue basis. Additionally, LME's unique daily prompt date attached to
futures and spread contracts has been integrated, thereby enabling the setting
of alert thresholds on the basis of specific prompt dates.
SMARTS Broker is now certified to connect to the LME select data drop copy,
allowing connectivity to the trading member's order flow and trading
executions. The SMARTS Broker service for commodity trading on LME can
typically be set-up within a two-week time span.
'NASDAQ OMX is the market leader in delivering global cross market coverage
with our SMARTS Broker offering. As commodities continue to become an area
where greater compliance and regulatory focus is required, we are dedicated to
being ahead of the curve in helping our customers respond to these changing
requirements,' said Paul McKeown, Vice President of Market Technology, NASDAQ
OMX.
Installed in more than 40 national exchanges and regulators, and more than 70
market participants across 55 markets, SMARTS surveillance solutions are
helping customers respond to the ever changing regulatory landscape.
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 25 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 99.99%
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. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
SMARTS Broker and NASDAQ OMX's other products and offerings. We caution that
these statements are not guarantees of future performance. Actual results may
differ materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks, uncertainties
or other factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and
periodic reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any forward-looking
statements.
NASDQ
CONTACT: NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells(at)NASDAQOMX.com
News Source: NASDAQ OMX
17.12.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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Datum: 17.12.2012 - 13:00 Uhr
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News-ID 213222
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