Home Businessuite News24 Nasdaq Inc. And Jamaica Stock Exchange Sign New Seven-Year Agreement For Nasdaq To Deliver Matching Engine And Market Surveillance Technology (SMARTS)
Nasdaq Inc. And Jamaica Stock Exchange Sign New Seven-Year Agreement For Nasdaq To Deliver Matching Engine And Market Surveillance Technology (SMARTS)

Nasdaq Inc. And Jamaica Stock Exchange Sign New Seven-Year Agreement For Nasdaq To Deliver Matching Engine And Market Surveillance Technology (SMARTS)

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Nasdaq Inc. and the Jamaica Stock Exchange have signed a new seven-year agreement for Nasdaq to deliver matching engine and market surveillance technology (SMARTS) to the Jamaica Stock Exchange.

By tapping Nasdaq’s technology, the JSE, as part of its strategy will be able to bolster their product and service delivery regionally and globally.

Further, via the Nasdaq Matching Engine, JSE will have the ability to offer new products, enhance current trading capabilities and improve the latency of order execution.

The market surveillance technology will provide the exchange with the ability to closely monitor trade activities while strengthening market integrity.

Marlene Street Forrest, Managing Director, JSE in her comments on the announcement indicated that there are no boundaries that are beyond the JSE, as the organization continues to explore the use of technology that Nasdaq provides to ensure that their shareholders value is maximized and the confidence of the market remains high.

This partnership with Nasdaq she said is another step to keep a pace with the world’s financial markets and she expects that this relationship will enable the JSE and its member dealers to design and create new products and services facilitated by the cutting-edge technology that Nasdaq will provide.

Carlos Patino, Head of Latin America and the Caribbean, Market Technology, Nasdaq. In his comments indicated that the Jamaica Stock Exchange has been at the forefront of modernizing the Caribbean region’s financial markets, and by leveraging their trading and surveillance solutions, JSE will be operating on the world’s most widely-used trading technology for exchanges in the world.

This he said was a key indicator of their dedication to build Jamaica’s capital market ecosystem into an important hub for finance and commerce.

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

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