Exchange Groups Partner to Bring Greater Transparency to Brazilian Marketplace in Equities, Commodities and Bonds
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), BM&FBOVESPA, the largest stock exchange in Latin America, and Bovespa Market Supervision (BSM), the Brazilian self-regulatory organization in charge of inspecting and supervising the transactions and the persons authorized to trade, today announced that they will use NASDAQ OMX's SMARTS Integrity market surveillance platform to monitor trading across their equities and commodities platforms.
The SMARTS Integrity platform will provide BM&FBOVESPA and BSM with an automated solution for market surveillance, operations and market oversight, strengthening their current surveillance capabilities and providing them a scalable platform for long-term growth. Using SMARTS Integrity, BM&FBOVESPA and BSM will have a comprehensive portfolio of alerting scenarios for market behaviors. As BM&FBOVESPA grows its business, SMARTS Integrity will enhance the exchange and BSM's ability to maintain a compliant and orderly market. SMARTS Integrity already handles the volumes of the largest markets in the world and will be mission-critical to BM&FBOVESPA's future growth plans.
"BM&FBOVESPA is committed to maintaining the highest level of market integrity and an operating framework that inspires confidence amongst participants. SMARTS Integrity's cross-market surveillance platform will allow us to monitor our markets effectively and efficiently, with the scalability to process increased volumes as we expand," said Cicero Vieira, Chief Operating Officer of BM&FBOVESPA. "The combination of proven functionality, reliable performance and NASDAQ OMX's global technology expertise make SMARTS Integrity an optimal platform to help us achieve our goals."
"Since the second half of 2009, when BSM implemented the automated analysis of all trades containing warnings on transactions with evidence of violation, there has been greater efficiency in the analysis conducted by the BSM staff, who now focuses exclusively on trades that show strong signs of irregularity. With the implementation of the SMARTS Integrity platform, we expect to gain in efficiency and assertiveness, continuing the process of improvement," said Luis Gustavo da Matta Machado, Chief Regulatory Officer of BSM. "SMARTS can bring more tools for the accomplishment of our self-regulation activities."
"As one of the largest markets in the world, we see BM&FBOVESPA as a leader in promotion of compliance standards and market integrity in Latin America. We are thrilled to be partners in improving the efficiency and transparency of the global marketplace and look forward to growing our relationship," said Anna Ewing, Chief Information Officer of NASDAQ OMX. "Powering trading, surveillance and risk management solutions for the full range of market participants, NASDAQ OMX aims to help ensure fair markets across the globe."
The BM&FBOVESPA and BSM implementation of SMARTS Integrity will be the first in Latin American markets. The parties continue to explore opportunities where they can leverage synergies to further expand their partnership.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
About BM&FBOVESPA
The Brazilian Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa). Together, the companies have created one of the largest listed exchange groups in the world, the second in the Americas, and the leading exchange in Latin America. The Exchange features a vertically integrated business model, with trading, registration, netting, settlement, risk management, market data, and central securities depository services. BM&FBOVESPA's state-of-the-art technological resources provide investors with an efficient and secure trading and post-trading environment. Among its broad range of trading products, the Brazilian Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, as well as foreign exchange futures and spot contracts, and acts as a central counterparty for all of its market segment through its four clearinghouses -- equity, derivatives, foreign exchange, and securities. http://www.bmfbovespa.com.br
About BSM Market Supervision
Established in 2007 as a not-for-profit entity, is the mandatory self-regulatory organization that operates overseeing the BM&FBOVESPA markets and market participants in compliance with best international standards. BSM also is responsible for enforcing rules and regulations regarding transactions and activities of individuals and firms under BSM's jurisdiction. http://www.bsm-autorregulacao.com.br
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the SMARTS Integrity platform and NASDAQ OMX Group's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX Group's control. These factors include, but are not limited to factors detailed in NASDAQ OMX Group's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NDAQG
CONTACT: Media Contacts:
Robert Madden, NASDAQ OMX
+1 646 441 5045
Robert.Madden@NASDAQOMX.com