Nasdaq Extends Augmented SMARTS Surveillance Contract to Brazilian Market

Nasdaq, Inc. (Nasdaq:NDAQ) has extended its ongoing partnership and contract with BM&FBOVESPA, the largest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term currently operating in Latin America (LATAM), which reinforces the group’s utilization of Nasdaq’s versatile platform across multiple asset classes.

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BM&FBOVESPA's latest contract with Nasdaq will see the deployment of its SMARTS Market Surveillance platform across Brazil's equities, commodities and futures markets. The latest iteration of the partnership builds on a five year old collaboration between the two Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term groups, which has seen tangible benefits reaped by BM&FBOVESPA in the form of the curbing of market abuse and other irregularities across the Brazilian market.

Ongoing Partnership

The new contract will also see an upgrading to its SMARTS platform across BM&FBOVESPA's interface, as well as the adoption of other market surveillance solutions. In particular, Nasdaq will provide a number of market enhancements such as new modules, improved performance and capacity, and new visualizations to aid investigation.

According to Valerie Bannert-Thurner, Vice President (VP) and Head of Risk & Surveillance Solutions, Nasdaq, in a recent statement on the partnership: "We sincerely appreciate the trust and confidence BVMF has shown by extending the relationship for an additional five years with us.”

“Here at Nasdaq, we are dedicated to providing world class market surveillance solutions, and we are proud that we can continue to deliver our services to BM&FBOVESPA, who we consider a highly valuable partner. We look forward to continuing to work with them to provide the highest level of market integrity," she added.