Nasdaq, Inc. (Nasdaq:NDAQ) has extended its ongoing partnership and contract with BM&FBOVESPA, the largest stock exchange currently operating in Latin America (LATAM), which reinforces the group’s utilization of Nasdaq’s versatile platform across multiple asset classes.
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 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.
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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.