Nasdaq has extended its contract with BM&F Bovespa – the largest stock exchange in Latin America – for the use of the SMARTS Market Surveillance platform across Brazil's equities, commodities and futures markets.
Nasdaq has been working with BM&F Bovespa since 2011, helping to detect irregularities and market abuse in the Brazilian market.
As well as 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 visualisations to aid investigation.
"We sincerely appreciate the trust and confidence BVMF has shown by extending the relationship for an additional five years with us," says Valerie Bannert-Thurner (pictured), vice president and head of risk and 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&F Bovespa, who we consider a highly valuable partner. We look forward to continuing to work with them to provide the highest level of market integrity."
SMARTS Surveillance solutions power monitoring for more than 120 market participants, 45 exchanges and 13 regulators globally.