Nasdaq has announced that it will acquire Sybenetix – a startup that combines behavioural analytics and cognitive computing to solve surveillance issues in the asset management industry – for an undisclosed amount.

The addition of Sybenetix to Nasdaq's risk and surveillance suite of solutions, including SMARTS and TradeGuard, will enable Nasdaq to bring greater technology expertise to buy-side compliance officers across the global capital markets who require future-focused surveillance capabilities to protect their firms.

Sybenetix’s behavioural science technology will strengthen Nasdaq’s conduct surveillance offering. It will also help support compliance departments in addressing complex regulations and policies such as MAR, MiFID II, Dodd-Frank, Regulation Automated Trading, trader conduct and remuneration, personal account dealing and fair investment allocation.

Adena Friedman, president and CEO of Nasdaq, said: “Nasdaq is investing in the technologies, talent and capabilities that solve the complex challenges our clients face.

“We believe behavioural science, cognitive computing and machine intelligence are essential to a successful, holistic surveillance offering and critical to efficient and effective organisational compliance with an increasingly intricate global regulatory environment. As such, we are thrilled to welcome the talented technology team and clients from Sybenetix.”

Taras Chaban, CEO of Sybenetix, added: “We are extremely proud to be joining Nasdaq. This acquisition is recognition of the talent, innovation and hard work of the Sybenetix team. Being part of Nasdaq will provide enormous growth opportunities for Sybenetix’s surveillance technologies and will also accelerate new product development for the buy-side industry.”

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