Press release from GlobeNewswire (a Nasdaq OMX company)
NASDAQ OMX and Smarsh Establish Partnership to Deliver Deeper Compliance Risk Capabilities
Monday, May 20, 2013
NASDAQ OMX and Smarsh Establish Partnership to Deliver Deeper Compliance Risk Capabilities05:00 EDT Monday, May 20, 2013
WASHINGTON and NEW YORK, May 20, 2013 (GLOBE NEWSWIRE) -- Smarsh®, the leading provider of hosted archiving and compliance solutions for email and electronic communications, announced today at FINRA's 2013 Annual Conference a new partnership with NASDAQ OMX (Nasdaq:NDAQ) to offer Smarsh archiving and compliance solutions to corporations, broker-dealers, exchanges and regulators alongside NASDAQ OMX's SMARTS market surveillance and compliance solutions.
NASDAQ OMX provides its SMARTS market surveillance and compliance solutions to broker-dealers, buy-side firms, regulators and exchanges around the world, making it the industry's leading market surveillance platform for real-time cross-asset surveillance.
By combining the Smarsh archiving and compliance solutions with NASDAQ OMX's SMARTS platform, customers globally will be able to fine-tune their compliance and risk management activities. The combined solution will provide users with the ability to extrapolate additional value through the correlation of trading data with employee and customer communication such as email, instant messages, mobile messages and social media posts.
"As we continue to address how to manage ever increasing volumes of data, regulators are also recognizing the importance of risk management and surveillance across broader data-sets," said Paul McKeown, Vice President of Market Technology, NASDAQ OMX. "When combined with our SMARTS technology, Smarsh solutions will give NASDAQ OMX customers powerful tools to better understand a broader set of compliance risks."
The Smarsh archiving and compliance platform features granular search, review, supervision and reporting capabilities, leveraging a proprietary policy engine that strengthens risk management processes and minimizes review workload by helping firms automate message supervision and other routine tasks traditionally done by compliance personnel.
"We're excited to work with NASDAQ OMX to give broker-dealers more intelligent tools to find and identify compliance risks within their organization. This is the beginning of a joint effort to deliver more insights and value on customer data in a meaningful and comprehensive way," said Stephen Marsh, Smarsh Founder and CEO.
Smarsh® provides hosted solutions for archiving electronic communications, including email, instant messaging, websites and social media platforms such as Facebook, LinkedIn and Twitter. Founded in 2001, Smarsh helps organizations manage and enforce flexible, secure and cost-effective compliance and records retention strategies. For more information, visit www.smarsh.com, follow @SmarshInc on Twitter or like Smarsh on Facebook at www.facebook.com/SmarshInc.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
CONTACT: SMARSH INC MEDIA CONTACT: Ken Anderson (503) 946-6044 (Office) firstname.lastname@example.org NASDAQ OMX MEDIA CONTACT: Ryan Wells (212) 231-5541 (office) (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com