NASDAQ OMX and Catelas Establish Partnership to Deliver Advanced Compliance Supervision and Investigative Capabilities

NASDAQ OMX's SMARTS to Offer Catelas Compliance, Risk Monitoring and Investigation Solutions to Corporations, Broker-Dealers, Exchanges and Regulators

BY  | FROM GLOBE NEWSWIRE | 2014-04-01 11:00

  NEW YORK and BOSTON, March 31, 2014 (GLOBE NEWSWIRE) -- Catelas ?, the leading provider of 'Relationship Forensics' solutions for email and electronic communications, announced at SIFMA's Compliance & Legal Society 46th Annual Seminar a new partnership with NASDAQ OMX (Nasdaq:NDAQ) to offer Catelas compliance, risk monitoring, and investigations solutions to corporations, broker-dealers, exchanges and regulators as a complement to, or integrated with NASDAQ OMX's SMARTS, the industry's leading and award winning market surveillance platform for real-time cross-asset surveillance.

  "Catelas represents the next generation of risk-based eCommunications surveillance and investigation solutions for the financial services industry," said Rob Lang, Vice President and Global Head of SMARTS, NASDAQ OMX. "We are excited to work with Catelas, to automate 'connecting the dots' between trade surveillance events, the people involved, and what was said. The combined solution will provide companies with new mechanisms to help compliance analysts investigate trade events and even proactively identify compliance risks within their organization."

  By combining the Catelas solutions with NASDAQ OMX's SMARTS trade surveillance platform, customers globally will be able to investigate trading alerts by uncovering the relevant people, relationships and communications associated with an alert. Users will have the ability to visualize internal and external relationships, monitor for behavioral risk and significantly reduce the investigative time per event by focusing efforts quickly. Automatically correlating trades with people and what they say will allow compliance officers to see the complete picture on a single screen for the first time. The benefits are a more efficient process and a far more robust compliance and supervisory program.

  "Catelas's patented relationship & behavioral algorithms automatically uncover and assess the relationships and networks that underpin how business gets done," said Eddie Cogan, Founder and CEO, Catelas. "This allows the analyst unprecedented visibility across email, IM, chat rooms and social media, quickly isolating key communications, allowing the analyst to cover more ground in considerably less time."




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