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2016-01-27

Nasdaq: Nasdaq to Provide SMARTS Market Surveillance Technology to Nigerian Stock Exchange

NEW YORK and LAGOS, Nigeria, Jan. 27, 2016 (GLOBE NEWSWIRE) -- 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's SMARTS Market Surveillance platform to power their
compliance program. 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. NSE also uses Nasdaq's X-Stream trading
platform as its trading engine.

Commenting 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. 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. 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."

"We are thrilled to partner with an innovative forward looking exchange such
as NSE," said Tony Sio, Head of SMARTS Market Surveillance, Nasdaq. "NSE has
a tremendous growth potential and as the volumes and products expand the
sophistication and impact of manipulative practices could also increase. By
detecting activities such as spoofing and layering as soon as they occur, the
exchange is signaling to the market how seriously it is in promoting a fair
market."

With over 20 years of experience, SMARTS is the industry benchmark for
real-time and T+1 surveillance, supervision and compliance. SMARTS Market
Surveillance is currently used by over 52 exchanges and regulators to power
market integrity on a global stage.

ABOUT THE NSE

The Nigerian Stock Exchange, a company limited by guarantee, services the
largest economy in Africa and is championing the development of Africa's
financial markets. The Exchange offers listing and trading services,
licensing services, market data solutions, ancillary technology services, and
more. The Nigerian Stock Exchange continues to evolve to meet the needs of
its valued customers, and to achieve the highest level of competitiveness. It
is an open, professional and vibrant exchange, and the Entrepreneurial Growth
hub of Africa. The Nigerian Stock Exchange aspires to be Africa's foremost
securities exchange, connecting Nigeria, Africa and the world.
To learn more, visit: www.nse.com.ng

About Nasdaq

Nasdaq, Inc. (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company services across
six continents. Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with
confidence, using proven technologies that provide transparency and insight
for navigating today's global capital markets. As the creator of the world's
first electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,600 listed companies with a
market value of approximately $8.8 trillion and more than 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.

NDAQG

For Media Inquiries:

The Nigerian Stock Exchange:
Olumide Orojimi
Head, Corporate Communications
Mobile: +234 (0) 8146262127
oorojimi@nse.com.ng

Nasdaq:
Ryan Wells
Director, Corporate Communications, EMEA
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via Globenewswire

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