EBS BrokerTec Partners with NASDAQ to Deploy its Surveillance Platform

EBS BrokerTec, NEX Group’s electronic Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and fixed income business, said on Thursday that it has selected a new market surveillance platform powered by NASDAQ’s surveillance tool, SMARTS. Nasdaq and EBS BrokerTec have been technology partners since 1999.

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SMARTS Market Surveillance processes large volumes of market data in real-time and detects any anomalies. It will be integrated within the EBS and BrokerTec platforms to monitor the US Treasuries, FX, and US and EU repo markets order submission and trading behaviors.

NASDAQ’s SMARTS surveillance tool has been deployed on 45 exchanges and 13 regulators globally, with more than 120 market participants using it to monitor markets. The solution enables compliance teams to capture and maintain all trading data elements required to identify the entire spectrum of trading aspects across multiple products.

As for the coverage, the platform can detect patterns in real-time across major asset classes, including equities, fixed income, FX, derivatives, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and commodities. SMARTS has over 1100 live surveillance subscriptions globally.

Dan Cleaves, Co-Head of EBS BrokerTec Markets, commented: “The EBS and BrokerTec platforms are the industry standards for the markets that we operate in and as such we have an obligation to protect the integrity of the FX and fixed income markets at all times. Nasdaq’s SMART Market Surveillance technology is the most advanced in the market and will support us in monitoring overall trading activity and ensure a healthy ecosystem for all of our customers.”

Lars Ottersgård, VP and Head of Market Technology at Nasdaq, added: “We are thrilled to expand our long and successful partnership with EBS BrokerTec as they continue to invest in new technologies that will support their efforts in trade monitoring and maintaining the integrity of their global markets. Nasdaq is constantly innovating our surveillance solutions to the benefit of our clients like EBS BrokerTec. We are deeply focused on exploring and leveraging the technologies of tomorrow that we can deliver to our clients today.”