OMX, a company engaged in exchange industry, and Smarts, a provider of real-time market surveillance, have formed a sales and development partnership for providing Smarts’s market surveillance solutions to OMX’s customers.
Under the agreement Smarts Group (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.
Anders Fridlund, head of products, market technology of OMX, said: 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 enable both exchanges and regulators to be one step ahead of the development.