The exchange groups renew their partnership to continue fighting market abuse in the Brazilian market
August 19, 2016: Nasdaq announced the extension of their contract regarding BM&FBOVESPA’s – the largest stock exchange in Latin America – use of the SMARTS Market Surveillance platform across Brazil’s equities, commodities and futures markets.
Nasdaq has been working with BM&FBOVESPA since 2011, helping to detect irregularities and market abuse in the Brazilian market. For continuing to provide high quality market surveillance solutions, Nasdaq will be upgrading the exchange to the latest version of SMARTS, which includes a broad set of enhancements such as new modules, improved performance and capacity, and new visualizations to aid investigation.
“We sincerely appreciate the trust and confidence BVMF has shown by extending the relationship for an additional five years with us,” said Valerie Bannert-Thurner, Vice President and Head of Risk & Surveillance Solutions, Nasdaq. “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.”