Abu Dhabi Securities Exchange to Upgrade SMARTS Market Surveillance Technology
(Thomson Reuters ONE) -
NEW YORK and ABU DHABI, United Arab Emirates, Dec. 29, 2015 (GLOBE NEWSWIRE) --
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
athttp://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.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,600
listed companies with a market value of approximately $8.8 trillion and more
than 10,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com.
About Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (ADX) was established in November 2000 as the
official stock exchange of the emirate of Abu Dhabi, the Federal Capital of the
United Arab Emirates (UAE). ADX is a market for trading securities including
shares issued by public joint stock companies, bonds issued by governments and
corporations, exchange traded funds and any other financial instruments approved
by the UAE Securities and Commodities Authority (SCA).
ADX has 68 listed Securities and a market capitalization of AED 292 Billion
($79.4 billion USD) as of September 30th 2012 and an investor base of 914,564 as
of the end of 2012. Of the total number of investors in the market 562,733 are
UAE nationals, with 58 government entities, and 1,652 institutions. Individuals
from the Gulf Corporation Council (GCC) accounted for 272,531, with 4 GCC
government entities, and 318 GCC institutions. Individuals from Arab countries
accounted for 47,856, with 81 institutions. Other nationals accounted for
27,294, with 2,037 institutions.
In alignment with the Abu Dhabi Government's Economic Vision 2030, ADX aspires
to be the exchange of choice by developing the capital market through legal
environment that ensures disclosure, transparency and integrity.
Please visit www.adx.ae for more information.
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
Abu Dhabi Securities Exchange:
Adel Aldhaheri
Adelm(at)Adx.Ae
Direct: +971 2 612 8716
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
[HUG#1976075]
Unternehmensinformation / Kurzprofil:
Datum: 29.12.2015 - 14:22 Uhr
Sprache: Deutsch
News-ID 441790
Anzahl Zeichen: 5621
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 473 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Abu Dhabi Securities Exchange to Upgrade SMARTS Market Surveillance Technology"
steht unter der journalistisch-redaktionellen Verantwortung von
Nasdaq (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
