Nasdaq Strengthens Surveillance Solutions with Sybenetix Acquisition
In July Nasdaq announced an agreement to buy Sybenetix, a provider of market surveillance and compliance monitoring software for banks, asset managers, hedge funds, exchanges and regulators. The London-based company, which was founded in 2011, combines behavioral analytics and cognitive computing with financial markets know-how. Nasdaq executives said the acquisition will allow Nasdaq to strengthen its "conduct surveillance offering," which provides a holistic view of behavioral risks across all trade and communication channels. “This acquisition accelerates our offering to the buy-side and advances our ambitions to expand market integrity controls into all segments of the capital markets,” said Adena Friedman, President and CEO of Nasdaq, in a release.
