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Nasdaq to help NEX spot fraud and market abuse

Michael Spencer's new firm will use Smarts technology to monitor its foreign exchange and fixed income trading venues

Nasdaq to help NEX spot fraud and market abuse

NEX Group has chosen Nasdaq to provide the technology to monitor its FX and fixed income trading venues for unsavoury activity such as fraud and market abuse.

EBS BrokerTec - NEX's combined FX and fixed income business - has selected Nasdaq's Smarts market surveillance technology to monitor activity across US treasuries, FX and US and EU repo markets, according to a statement.

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