The Nigerian Stock Exchange Goes Live With Nasdaq SMARTS Market Surveillance Technology


Monday, July 17, 2017  10.26AM / News

Nasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution.


The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out traders’ monitoring and analysis, conduct multi-asset and cross-market surveillance, and execute risk-based supervision of flagged participants.


“As we enter the growth phase of the development of our market, including the introduction of new asset classes such as derivatives, there will be the imperative of processing significant volumes of market information in real-time to detect anomalies,” said Tinuade Awe, General Counsel and Head of Regulation, NSE.


“The SMARTS technology, which we have successfully deployed, allows our team to proactively analyze patterns and trends to make sense of the vast amounts of data for investigative purposes and protection of investors, while strengthening the integrity of our market.”


“Through SMARTS, NSE is leveraging the latest in surveillance technology and demonstrating its commitment to fostering a strong marketplace,” said Tony Sio, Head of Exchange & Regulator Surveillance, Market Technology at Nasdaq. “SMARTS performs universal surveillance of all asset classes and provides a strong platform for NSE to develop new products such as derivatives. We look forward to a long partnership with the NSE as the Nigerian markets evolve.”


Nasdaq SMARTS Surveillance solutions have been the industry benchmark for real-time, cross-market, cross-asset surveillance for 22+ years. Used by over 3,500 compliance professionals around the world, SMARTS currently powers surveillance at 47 marketplaces, 17 regulators and 140+ market participants across 65 countries.

Related News

1.       Nasdaq to Provide SMARTS Market Surveillance to the NSE

2.     NSE Announces Investor Relations Breakfast Meeting with NASDAQ OMX

3.  Ecobank Opens Its Naira Denominated Mastercard For International Transactions; Increase Daily Limits

4.      FirstBank – Driving Inclusion and Convenience with USSD*894# Quick Banking

5.      First Bank Introduces Salary Overdraft Facility

6.      NBS Is The NiRA Public Sector Star Website For 2016 and 2017

7.      Dangote’s new Pasta products to compete with rice

8.     Dangote Flour divests from Noodles, Cedes Assets to Dufil

9.      FirstBank Upscales’ Secure and Convenient Money Transfer Services to Customers

10.  Proshare Nigeria Launches IOS Version of Mobile App

11.   Nigerian Stock Exchange Partners Access Bank To Celebrate Global Money Week Across Nigeria

12.  FirstBank CEO, Adesola Adeduntan named Leadership Banker of the Year

13.  Again, First Bank leads GTBank, Zenith, Access, UBA in Top 500 Global Banking Brands

14.  Proshare Nigeria Launches Mobile App 


Related News