Nasdaq to Deliver SMARTS Trade Compliance Technology to Koch Supply & Trading
NEW YORK, Feb. 02, 2016 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ), the world’s leading provider of market technology, today announced it will deliver SMARTS Trade Surveillance compliance technology to Koch Supply & Trading (KS&T). KS&T companies actively participate in a range of energy and commodity markets worldwide.
The SMARTS Trade Surveillance technology, which is now live across the major energy and metals markets, will be leveraged across KS&T’s span of exchange trading in energy, metals and other commodity products. The surveillance technology analyzes trade data and translates certain exchange guidelines and rules into compliance alerts to supplement KS&T’s existing exchange trading compliance programs. The addition of SMARTS will bring greater clarity to the compliance processes in the futures markets they trade.
“In an evolving marketplace where firms are trading across multiple markets and asset classes, greater compliance and regulatory focus is required,” said Valerie Bannert-Thurner, Vice President and Head of Risk & Surveillance Solutions, Nasdaq. “We are dedicated to continuously expanding our offering and investing further into OTC asset classes. We look forward to serving KS&T and collaborating with a firm that is a leader in their industry.”
With over 20 years of experience as the industry benchmark for surveillance platforms, Nasdaq SMARTS technology powers surveillance and compliance for over 40 marketplaces, 12 regulators and 110 market participants across 65 markets globally. SMARTS Trade Surveillance for Energy is available to all energy market participants, including producers, marketers, utilities, commodity trading firms, commercial end users and energy desks at financial institutions.
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 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
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