IIROC Extends Contract with Nasdaq SMARTS, Bolsters Surveillance Technology
(Thomson Reuters ONE) -
TORONTO and NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) -- The Investment Industry
Regulatory Organization of Canada (IIROC) and Nasdaq, Inc. (Nasdaq:NDAQ) have
signed an agreement which extends the surveillance technology relationship
between IIROC and Nasdaq's SMARTS. In this new phase, IIROC will increase its
capabilities in advancing its cross-market, multi-asset surveillance across five
stock exchanges and eight Equity Alternative Trading Systems.
"By allowing us to be more agile and flexible, the system will provide a solid
foundation for the evolution of IIROC's market supervision in the years ahead
and bring us one step closer to our vision of providing leading-edge market
surveillance," said Victoria Pinnington, Senior Vice President, Market
Regulation and Policy. "This state-of-the art system offers new tools and
approaches including machine learning that our team will leverage to more
efficiently monitor for abusive behaviour."
"By supporting IIROC over the past several years in its rigorous efforts in
monitoring and protecting Canada's markets, this has complemented Nasdaq's
relentless commitment to leveraging technology to strengthen the integrity of
the global capital markets," said Lars Ottersgård, Executive Vice President and
Head of Market Technology, Nasdaq. "We look forward to continuing this
successful partnership and working with our clients in maintaining a fair,
transparent and safe global marketplace and ensuring that firms have the tools
to do so as well."
SMARTS has been the industry benchmark for real-time, cross-market, cross-asset
surveillance for 22+ years. Used by over 3500 compliance professionals around
the world, SMARTS solutions currently power surveillance at 47 marketplaces, 17
regulators and 140+ market participants.
About IIROC
IIROC is the national self-regulatory organization which oversees all investment
dealers and their trading activity in Canada's debt and equity markets. IIROC
sets high quality regulatory and investment industry standards, protects
investors and strengthens market integrity while supporting healthy Canadian
capital markets. IIROC carries out its regulatory responsibilities through
setting and enforcing rules regarding the proficiency, business and financial
conduct of dealer firms and their registered employees and through setting and
enforcing market integrity rules regarding trading activity on Canadian debt and
equity marketplaces.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services. 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 89 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to 3,800 total listings with a market
value of $11 trillion. To learn more, visit: http://business.nasdaq.com
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells(at)nasdaq.com
Mobile: +44 (0) 7809 596 390
IIROC:
Paul Howard
phoward(at)iiroc.ca
416-646-7279
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2017 - 19:11 Uhr
Sprache: Deutsch
News-ID 552470
Anzahl Zeichen: 4117
contact information:
Town:
New York
Kategorie:
Business News
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