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2015-10-08

Nasdaq: Nasdaq's SMARTS Launches Trade Surveillance Monitoring for Dark Pools

New Capabilities Brings Transparency to Dark Trading ActivityNEW YORK, Oct. 8, 2015 (GLOBE NEWSWIRE) --Nasdaq(Nasdaq:NDAQ), the world's
leading provider of trade surveillance technology to marketplaces, regulators
and market participants, has officially launched new trade surveillance
monitoring capabilities for dark trading activity alongside its
award-winningSMARTS Trade Surveillance platform.

"Trade surveillance can no longer be limited to lit trading," said Rob Lang,
Vice President, Business and Product Development, Risk&Surveillance
Solutions, Nasdaq. "Regulators globally are taking a more active role in
monitoring and enforcing greater transparency in the trading of listed
instruments away from lit venues generally, and of trading behaviors within
dark pools specifically. We see the need to address these new demands and
support dark venue operators and those executing in the dark to boost their
surveillance capabilities and help them stay in compliance."

The new module, SMARTS Surveillance for Dark Pools, helps Multilateral Trading
Facilities (MTF), Alternative Trading Systems (ATS), Crossing Networks, and
market participants internalizing order flow or trading in external dark
venues to monitor for potentially abusive behavior taking place in the dark.
Jurisdictions such as Hong Kong, Australia and Europe, amongst others, have
already passed regulatory mandates in relation to dark trading. SMARTS
Surveillance for Dark Pools will better position dark venue operators and
participants to more effectively meet requirements and demonstrate a
proactive approach to surveillance of dark trading.

* For dark venue operators, like MTFs and ATSs, these capabilities will
enable them to monitor trading across all of their clients, like an
exchange, to ensure market integrity. Using SMARTS, venue operators that
also own broker-dealers would also be able to demonstrate that internal
desks are not trading ahead of client orders on knowledge, further
improving the integrity of the pool.
* For Crossing Networks or Systemic Internalization, the solution helps
demonstrate system integrity in that the liquidity pool operates as
advertised, in addition to helping identify potentially malicious behavior
that is hidden in the network or any mispricing or fair pricing issues for
trades that executed internally.
* For executing brokers, SMARTS Surveillance for Dark Pools enables firms the
same cross-market, cross-asset monitoring and alerting capabilities as have
proven successful in lit markets, with the ability to view dark executions
within the full context of all of the markets traded.

SMARTS Surveillance for Dark Pools covers the full range of market
manipulation and abuse behaviors from price manipulation to insider trading,
front running, and cross-market (lit vs dark) manipulation, amongst others.

"In order to ensure integrity and compliance, dark venue operators and
participants internalizing or crossing order flow, or externally
participating in dark venues, need to have processes and systems in place to
monitor activity for manipulative trading," said Michael O'Brien, Head of
Product Development, SMARTS Trade Surveillance. "Not only does this support
regulatory compliance needs, it is simply good business practice,
particularly in a quickly evolving marketplace like dark pools."

SMARTS Surveillance solutions power monitoring capabilities for more than 100
market participants across 65 markets, and over 50 marketplaces and
regulators.

For more information, visitbusiness.nasdaq.com/tech.

About Nasdaq

Nasdaq (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 $9.6 trillion and more than 10,000 corporate
clients. To learn more, visit:nasdaq.com/ambitionorbusiness.nasdaq.com.

NDAQG

CONTACT: For Media Inquiries:

Nasdaq:
Ryan Wells
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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