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Abu Dhabi Securities Exchange to Upgrade SMARTS Market Surveillance Technology


NEW YORK and ABU DHABI, United Arab Emirates, Dec. 29, 2015 (GLOBE NEWSWIRE) -- Abu Dhabi Securities Exchange (ADX) and Nasdaq (Nasdaq:NDAQ) have officially agreed on the implementation of an enhanced SMARTS Market Surveillance solution. 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. ADX has been a SMARTS customer since 2008.

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"This new agreement with Nasdaq will contribute to achieving the main objectives of ADX’s overall financial market strategy,” said Mr. 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.”

“ADX prides itself on further developing capital markets in the UAE by providing a transparent marketplace with the utmost integrity,” said Mr. Faycal Belyazid, Lead Sales Executive, Market Technology, Middle East & Africa, Nasdaq. “We are thrilled to help ADX achieve this objective by providing technology that will allow ADX to expand usage possibilities, lower system latency and adapt detection algorithms rapidly in response to market changes.”

“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 Mr. Abdullah Al Nuaimi, Head of Market Operations and Surveillance, ADX. “This is indeed what SMARTS Market Surveillance solutions will enable ADX to achieve.”

With over 20 years of experience, SMARTS Market Surveillance is the industry benchmark for real-time and T+1 surveillance, supervision and compliance. The technology is currently used by over 52 exchanges and regulators to power market integrity on a global stage.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $8.8 trillion and more than 10,000 corporate clients. To learn more, visit: or

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established in November 2000 as the official stock exchange of the emirate of Abu Dhabi, the Federal Capital of the United Arab Emirates (UAE).  ADX is a market for trading securities including shares issued by public joint stock companies, bonds issued by governments and corporations, exchange traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

ADX has 68 listed Securities and a market capitalization of AED 292 Billion ($79.4 billion USD) as of September 30th 2012 and an investor base of 914,564 as of the end of 2012.  Of the total number of investors in the market 562,733 are UAE nationals, with 58 government entities, and 1,652 institutions.  Individuals from the Gulf Corporation Council (GCC) accounted for 272,531, with 4 GCC government entities, and 318 GCC institutions.  Individuals from Arab countries accounted for 47,856, with 81 institutions.  Other nationals accounted for 27,294, with 2,037 institutions.

In alignment with the Abu Dhabi Government’s Economic  Vision 2030, ADX aspires to be the exchange of choice by developing the capital market through legal environment that ensures disclosure, transparency and integrity. 

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