Nasdaq and Nigerian Stock Exchange Extend Technology Agreement

Nasdaq and the Nigerian Stock Exchange (NSE) have announced that NSE, which services the largest economy in Africa, will continue leveraging Nasdaq’s matching engine technology for its equities and fixed income markets for an additional five years. Further, NSE will also continue utilizing Nasdaq’s SMARTS Market Surveillance technology to monitor its market for manipulation, including spoofing and layering. Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries.