The Mako Group
06.09.2011 15:00
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LONDON, 2011-09-06 15:00 CEST (GLOBE NEWSWIRE) --
The Mako Group (Mako), a leading provider of liquidity in derivatives, has
selected NASDAQ OMX's SMARTS Broker solution to monitor trading activity across
its derivatives markets. Mako will launch SMARTS Broker surveillance coverage
across Eurex, NYSE Euronext LIFFE in London, Paris and Amsterdam, Chicago
Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), Chicago Board
of Trade (CBOT) and Deutsche Borse (Xetra).
Mako enables its market-makers to price and trade large inventories of
derivatives, while also providing its surveillance department with compliance
tools covering all asset classes and markets to keep pace with the continually
evolving regulatory landscape. Mako will use SMARTS Broker, an automated and
fully hosted trade surveillance service which protects its clients by
monitoring trade activity for suspicious behavior and potential market abuse.
With in-depth data analysis, intuitive visualization tools and real-time alert
algorithms, Mako's surveillance department will have the highest level of
transparency across global derivatives trading venues in a single, consolidated
view.
'We are pleased that Mako has chosen SMARTS Broker to manage its derivatives
surveillance. Mako's solution will reduce the cost and complexity of monitoring
a global portfolio, while enabling scarce compliance resources to re-focus
energy on incident resolution and proactive surveillance practices,' said Paul
McKeown, Vice President of Market Technology at NASDAQ OMX. 'SMARTS Broker
helps over 65 broker-dealers in 35 countries maintain true market integrity by
leveraging risk management, compliance and surveillance solutions for trading
in the public markets and over the counter.'
About The Mako Group:
The Mako Group is one of the leading providers of liquidity in the options
market. It has been operating since 1999 from its offices near Moorgate in
London and also from sites around the world. Mako has grown to become one of
the most active users of exchange traded options, with a strong presence in the
equity and fixed income markets of Europe and the US.
Mako uses a full suite of proprietary software and financially engineered
algorithms to enable its market-makers to price, trade and risk-manage large
inventories of derivatives products. The team of traders and non-trading staff
are committed to being the best, most sophisticated professionals they can be.
Their emphasis is not on 'outsmarting' a market, but to service that market
with liquidity and therefore bring stability and liquid tradable prices to the
market's users.
In addition to its proprietary trading activity, Mako offers financial advisory
and execution services and investment management through qualified and
regulated firms of the Group.
For more information, please visit www.makoglobal.com
Mako Group
+44 (0)207 862 0400
enquiries@makoglobal.com
NASDAQ OMX
Robert Madden
+1 646 441 5045
Robert.Madden@NASDAQOMX.com
News Source: NASDAQ OMX
06.09.2011 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: The Mako Group
GroÃÂbritannien
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901726375
WKN:
End of Announcement DGAP News-Service
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DGAP-News: The Mako Group Selects NASDAQ OMX's SMARTS Broker to Manage Derivatives Surveillance
| Source: EQS Group AG