Bolsa Mexicana Acquires Nasdaq's Surveillance License

KUALA LUMPUR, Feb 9 (Bernama) -- The Mexican Stock Exchange, Bolsa Mexicana de Valores S.A.B de C.V., has acquired the license agreement to leverage the industry-leading SMARTS market surveillance platform offered by Nasdaq.

Bolsa would be migrating its current real-time proprietary surveillance system to SMARTS for real-time capital market monitoring, said Nasdaq in a statement issued in New York and Mexico City over the weekend.

The upgrade strengthened Bolsa's surveillance role together with new international standards built into all of the monitoring processes, allowing for seamless consolidation of supervisory duties and making these duties more efficient and effective across the board.

Furthermore, the SMARTS system provides scalability capacities that allow Bolsa to continue with the projected growth of the market, with a modular and flexible platform without large investments.

"With the adoption of this technology and according to its strategic lines, Bolsa remains at the forefront in terms of the services offered to the general public, fortifying transparency, ethics and safety with thKUALA LUMPUR, Feb 9 (Bernama) -- The Mexican Stock Exchange, Bolsa Mexicana de Valores S.A.B de C.V., has acquired the license agreement to leverage the industry-leading SMARTS market surveillance platform offered by Nasdaq.

Bolsa would be migrating its current real-time proprietary surveillance system to SMARTS for real-time capital market monitoring, said Nasdaq in a statement issued in New York and Mexico City over the weekend.

The upgrade strengthened Bolsa's surveillance role together with new international standards built into all of the monitoring processes, allowing for seamless consolidation of supervisory duties and making these duties more efficient and effective across the board.

Furthermore, the SMARTS system provides scalability capacities that allow Bolsa to continue with the projected growth of the market, with a modular and flexible platform without large investments.

"With the adoption of this technology and according to its strategic lines, Bolsa remains at the forefront in terms of the services offered to the general public, fortifying transparency, ethics and safety with the support of a world-class system," explained Pedro Díez, Market Surveillance Director for Bolsa Mexicana de Valores in the same statement.

"We look forward to working with Bolsa Mexicana de Valores as they continue to execute on these principles and strengthen their market surveillance efforts," added Lars Ottersgard, Executive Vice President and Head of Market Technology at Nasdaq.

--BERNAMA  

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