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NASDAQ EXTENDS MARKET SURVEILLANCE TECHNOLOGY BASED ON CMCRC’S SMARTS

Nasdaq Inc says CMCRC’s Australian surveillance technology, SMARTS, which it acquired in 2010, remains the foundation to identify manipulation and insider trading in markets. The Australian Financial Review, reports Nasdaq “Chief executive Bob Greifeld, who lives in New Jersey and has run the global exchange business since 2003, described SMARTS as a deal that went “phenomenally well”.  Nasdaq aims to roll out “machine learned” market surveillance using SMARTS as its foundation technology in two years to detect suspicious trading patterns.
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