“We are thrilled to partner with an innovative forward looking exchange such as NSE,” said Tony Sio, Head of SMARTS Market Surveillance, Nasdaq. Regulatory and compliance issues continue to be a primary focus in our quest to become Africa’s foremost securities exchange and we are pleased to be leveraging Nasdaq’s global leadership in the development of capital market surveillance systems.” As we introduce new asset classes to grow our market, the deployment of a robust, integrated and efficient solution to monitor the increasing complexity of trading activities is imperative. NSE also uses Nasdaq’s X-Stream trading platform as its trading engine.Ĭommenting on the implementation, Tinuade Awe, General Counsel and Head of Regulation at the NSE said, “This development affirms our continuous commitment to protecting investors by creating a fair and orderly market. The technology will provide NSE with the surveillance expertise needed to grow and expand the market and equip the exchange with the surveillance tools necessary to monitor for market manipulation, including spoofing and layering. Nasdaq(Nasdaq:NDAQ) and the Nigerian Stock Exchange (“The Exchange” or “NSE”)have announced that NSE, which services the largest economy in Africa, will acquire Nasdaq’sSMARTS Market Surveillance platform to power their compliance program. NEW YORK and LAGOS, Nigeria, 11:00 CET (GLOBE NEWSWIRE).
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