Abu Dhabi gets smart

Abu Dhabi Securities Exchange (ADX) and Nasdaq have officially agreed on the implementation of an enhanced SMARTS Market Surveillance solution. The pair say the ADX will leverage the industry-leading SMARTS Market Surveillance onsite solution for real-time market surveillance efforts. The upgraded solution will enhance both performance and flexibility of monitoring activities, they add.

“This new agreement with Nasdaq will contribute to achieving the main objectives of ADX’s overall financial market strategy,” said Ghanem Al Dhaheri, deputy CEO of operations affairs, ADX. “ADX is increasingly looking to provide innovative and best-in-class solutions and services to investors, members, listed companies and all stakeholders. Our latest partnership with Nasdaq is yet another step to meet and exceed the requirements of ADX’s investor base.”

“The daily trading activities at ADX necessitate the presence of sophisticated, fitted systems and solutions that meet control and surveillance requirements with the highest levels of efficiency and quality,” said Abdullah Al Nuaimi, head of market operations and surveillance, ADX. “This is indeed what SMARTS Market Surveillance solutions will enable ADX to achieve.”

ADX has been a SMARTS customer since 2008.