DGAP-News: BM&FBOVESPA and BSM Choose NASDAQ OMX's SMARTS Integrity to Enhance Market Surveillance O
(businesspress24) - The NASDAQ OMX Group, Inc.
15.09.2011 08:30
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Exchange Groups Partner to Bring Greater Transparency to Brazilian Marketplace
in Equities, Commodities and Bonds
NEW YORK, 2011-09-15 08:30 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), BM&FBOVESPA, the largest stock
exchange in Latin America, and Bovespa Market Supervision (BSM), the Brazilian
self-regulatory organization in charge of inspecting and supervising the
transactions and the persons authorized to trade, today announced that they
will use NASDAQ OMX's SMARTS Integrity market surveillance platform to monitor
trading across their equities and commodities platforms.
The SMARTS Integrity platform will provide BM&FBOVESPA and BSM with an
automated solution for market surveillance, operations and market oversight,
strengthening their current surveillance capabilities and providing them a
scalable platform for long-term growth. Using SMARTS Integrity, BM&FBOVESPA and
BSM will have a comprehensive portfolio of alerting scenarios for market
behaviors. As BM&FBOVESPA grows its business, SMARTS Integrity will enhance the
exchange and BSM's ability to maintain a compliant and orderly market. SMARTS
Integrity already handles the volumes of the largest markets in the world and
will be mission-critical to BM&FBOVESPA's future growth plans.
'BM&FBOVESPA is committed to maintaining the highest level of market integrity
and an operating framework that inspires confidence amongst participants.
SMARTS Integrity's cross-market surveillance platform will allow us to monitor
our markets effectively and efficiently, with the scalability to process
increased volumes as we expand,' said Cicero Vieira, Chief Operating Officer of
BM&FBOVESPA. 'The combination of proven functionality, reliable performance and
NASDAQ OMX's global technology expertise make SMARTS Integrity an optimal
platform to help us achieve our goals.'
'Since the second half of 2009, when BSM implemented the automated analysis of
all trades containing warnings on transactions with evidence of violation,
there has been greater efficiency in the analysis conducted by the BSM staff,
who now focuses exclusively on trades that show strong signs of irregularity.
With the implementation of the SMARTS Integrity platform, we expect to gain in
efficiency and assertiveness, continuing the process of improvement,' said Luis
Gustavo da Matta Machado, Chief Regulatory Officer of BSM. 'SMARTS can bring
more tools for the accomplishment of our self-regulation activities.'
'As one of the largest markets in the world, we see BM&FBOVESPA as a leader in
promotion of compliance standards and market integrity in Latin America. We are
thrilled to be partners in improving the efficiency and transparency of the
global marketplace and look forward to growing our relationship,' said Anna
Ewing, Chief Information Officer of NASDAQ OMX. 'Powering trading, surveillance
and risk management solutions for the full range of market participants, NASDAQ
OMX aims to help ensure fair markets across the globe.'
The BM&FBOVESPA and BSM implementation of SMARTS Integrity will be the first in
Latin American markets. The parties continue to explore opportunities where
they can leverage synergies to further expand their partnership.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with more than 3,500 listed companies. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
About BM&FBOVESPA
The Brazilian Securities, Commodities and Futures Exchange was created in 2008
with the integration between the Brazilian Mercantile&Futures Exchange (BM&F)
and the Sao Paulo Stock Exchange (Bovespa). Together, the companies have
created one of the largest listed exchange groups in the world, the second in
the Americas, and the leading exchange in Latin America. The Exchange features
a vertically integrated business model, with trading, registration, netting,
settlement, risk management, market data, and central securities depository
services. BM&FBOVESPA's state-of-the-art technological resources provide
investors with an efficient and secure trading and post-trading environment.
Among its broad range of trading products, the Brazilian Exchange offers
equities, securities, financial assets, indices, interest rates, agricultural
commodities, as well as foreign exchange futures and spot contracts, and acts
as a central counterparty for all of its market segment through its four
clearinghouses -- equity, derivatives, foreign exchange, and securities.
http://www.bmfbovespa.com.br
About BSM Market Supervision
Established in 2007 as a not-for-profit entity, is the mandatory
self-regulatory organization that operates overseeing the BM&FBOVESPA markets
and market participants in compliance with best international standards. BSM
also is responsible for enforcing rules and regulations regarding transactions
and activities of individuals and firms under BSM's jurisdiction.
http://www.bsm-autorregulacao.com.br
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
the SMARTS Integrity platform and NASDAQ OMX Group'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 Group's
control. These factors include, but are not limited to factors detailed in
NASDAQ OMX Group'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.
NDAQG
CONTACT: Media Contacts:
Robert Madden, NASDAQ OMX
+1 646 441 5045
Robert.Madden(at)NASDAQOMX.com
BM&FBOVESPA
Adriana Souza Silva
+55 11 2565 7454
asouza(at)bvmf.com.br
News Source: NASDAQ OMX
15.09.2011 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,
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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: 15.09.2011 - 02:30 Uhr
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