OMX, the leading expert in the exchange industry, and Smarts Group (SMARTS), the world leader in real-time market surveillance, have formed a sales and development partnership for providing SMARTS' market surveillance solutions to OMX's customers. Under the agreement SMARTS' market surveillance solutions will be available as part of OMX's exchange technologies offering. The solutions enable exchanges and regulators to handle market surveillance, market supervision, compliance and other regulatory aspects in real-time. OMX and SMARTS will also cooperate to develop a single connectivity solution between SMARTS and OMX technologies. This ensures fast and secure systems interaction and enables delivery of fully integrated trading and surveillance platforms. The solution will be part of GENIUM, the new technologies for trading, post trade and information services from OMX. “In a position where exchanges all over the world are experiencing a rapid growth of the amount of trades, the demand for efficient and fast systems for market surveillance is more critical than ever. By combining our respective strengths we will be able to offer market leading solutions that enables both exchanges and regulators to be one step ahead of the development,” says Anders Fridlund, Head of Products, Market Technology, OMX. “We are delighted with the decision of OMX to extend their partnership with Smarts Group and commitment to the SMARTS product. The initiative ensures easy access for any existing or prospective OMX customer to our SMARTS integrity platform. The single connectivity solution between SMARTS and OMX platforms helps reduce system implementation times and keeps down maintenance costs. Overall, this is an exciting prospect which will further strengthen both OMX's and SMARTS' presence in the market by offering leading solutions to our ever increasing joint customer base,” says Magnus Almqvist, General Manager for Smarts Group in Europe. Market surveillance solutions from SMARTS are today deployed in over 30 national exchanges and regulators. Many of OMX existing customers, and OMX Nordic Exchange, are already using the market surveillance solution from SMARTS. The companies are also collaborating on the delivery of market surveillance solutions for the Plus Markets Group and the Saudi Stock Exchange, Tadawul. For more information, please contact: Heidi Wendt, OMX +46 8 405 72 93 Audris Siow, Smarts Group + 44 207 847 4034 About OMX | OMX is a leading expert in the exchange industry. The OMX Nordic Exchange comprises over 800 companies including its alternative market First North. OMX provides technology to over 60 exchanges, clearing organizations and central securities depositories in over 50 countries. The Nordic Exchange is not a legal entity but describes the common offering from OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange. For more information, please visit www.omxgroup.com. About Smarts Group | Smarts Group is the global leader in real-time financial market surveillance technology and services, dedicated to delivering market integrity through efficient and proven systems solutions and services to the financial community. Smarts Group cater to all supervision, surveillance and regulatory aspects of the securities business value chain - providing business critical trading surveillance and operational control systems in over 30 national exchanges and regulators and more than 50 member firms (through Capital Markets Surveillance Services Pty Ltd) across 21 countries, playing integral advisory roles in setting international surveillance and compliance standards, and educating and developing the next generation of people and platforms for international cross-market integrity.
OMX extends exchange technologies offering with SMARTS market surveillance solutions
| Source: Nasdaq Nordic