Nasdaq OMX to acquire Smarts Group surveillance business
28 Jul 2010
The Nasdaq OMX Group, Inc. yesterday said that it has signed an agreement to acquire Smarts Group, a provider of market surveillance solutions to exchanges, regulators and brokers, for an undisclosed sum.
The acquisition is part of Nasdaq OMX's strategy to diversify its commercial technology business and enter the broker surveillance and compliance market.
Smarts Group is an Australian-based financial technology company with over 30 national exchange and regulatory customers as well as 50 broking firm clients in more than 30 countries.
With over 130 employees, Smarts Group is the leading provider of market surveillance solutions worldwide. Smarts has delivered surveillance technology solutions since 1994 and in 2009 received the Australian Export Award in the information and communications technology category.
Smarts will be part of the Nasdaq OMX Market Technology business, which delivers technology to over 70 marketplaces in more than 50 countries.
Nasdaq OMX Group is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies.