NASDAQ OMX'S SMARTS REACHES BUY-SIDE THROUGH STERLING TRADER PARTNERSHIP
12 Jul 2013 11:19
The Chicago-Based Broker-Dealer to Offer Its Buy-Side Clients Access to the
Industry-Leading Market Surveillance Solution
KUALA LUMPUR, July 12 (Bernama) -- The NASDAQ OMX Group, Inc.
(http://www.nasdaqomx.com/)(Nasdaq:NDAQ) and Sterling Trader
(http://www.sterlingtrader.com/Home.html), the Chicago-headquartered
broker-neutral, independent service bureau, announced that Sterling Trader will
offer the SMARTS Broker SaaS surveillance solution to buy-side customers to
monitor trading activity for a variety of malicious trading behaviors-including
layering, spoofing and insider trading-as well as to detect suspicious activity
across trading venues and prevent market abuse.
"Speed to market and SMARTS Broker's cross-market functionality was very
important in our decision to partner with NASDAQ OMX," said Stephen A.
Sierszulski, Chief Executive Officer, Sterling Trader. "There is strong demand
from our buy-side customers for a surveillance solution that's quick-to-market
and one which robustly monitors trading activity for better transparency. We're
proud to be able to offer SMARTS Broker to these customers, and foresee great
demand as they look to further strengthen their surveillance responsibilities
and keep pace with existing and future regulatory demands."
SMARTS Broker will provide analysis and sophisticated alerts for various forms
of market abuse, including insider trading, market manipulation, violations of
order handling rules and irregular trading patterns by automated and high
frequency trading platforms.
"We're very pleased to be supporting Sterling Trader and their buy-side
customers' surveillance and compliance initiatives through this partnership,"
said Paul McKeown, Vice President of Market Technology, NASDAQ OMX. "The
opportunity to address the growing surveillance and compliance needs of the
buy-side industry is a significant area of growth for the SMARTS business â€"
we're proud to be partnering with Sterling Trader on this endeavor. "
With rapid expansion into the U.S. market, SMARTS Broker is used by over 60
tier-one and tier-two broker-dealers globally and is capable of supporting
equities, derivatives and OTC markets. SMARTS surveillance solutions operate in
more than 40 national exchanges and regulators, and more than 70 market
participants across 55 markets.
About Sterling Trader
Sterling Trader is a broker-neutral, professional direct access trading service
and global trading network offering a full service order routing and management
suite built to support the direct access trading needs of professional traders.
For further information, please visit: www.sterlingtrader.com.
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 26 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 99.999% 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 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.
SOURCE : The NASDAQ OMX Group, Inc.
FOR MORE INFORMATION, PLEASE CONTACT:
NASDAQ OMX Media Contact:
NAME : Ryan Wells
TEL : 646.581.4286 (Mobile)
E-MAIL : Ryan.email@example.com
Sterling Trader Media Contact:
NAME : Stephen A. Sierszulski
TEL : 312.346.9600 (Office)
E-MAIL : firstname.lastname@example.org