The Nigerian Stock Exchange (NSE) in partnership with Nasdaq has launched a new market surveillance technology powered by SMARTS, the Nasdaq’s flagship surveillance solution to curb market manipulation and supervise participants at the stock exchange floor as well as strengthen market integrity.

According to the NSE, the technology will help to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out traders’ monitoring and analysis, conduct multi-asset and cross-market surveillance, and execute risk-based supervision of flagged participants.

The General Counsel and Head of Regulation, NSE, Tinuade Awe while speaking on the deployment of the new technology said with the increasing growth the market is witnessing at the moment , there will be need to detect anomalies that might occur while processing market information in real time.

“As we enter the growth phase of the development of our market, including the introduction of new asset classes such as derivatives, there will be the imperative of processing significant volumes of market information in real-time to detect anomalies,” she said.

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