About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Nasdaq to Acquire Trade Surveillance FinTech Sybenetix

Subscribe to our newsletter

Nasdaq has entered a definitive agreement to acquire Sybenetix – a UK-based start-up that we introduced during our fintech showcase at last year’s A-Team Group Intelligent Trading Summit in London.

The price of the acquisition hasn’t been disclosed, but Nasdaq plans to make Sybenetix and its flagship product Compass part of its Smarts and TradeGuard surveillance portfolio. Compass provides buy-side compliance teams with behavioural profiling algorithms that can improve trade surveillance by providing more accurate identification of suspicious activity and support the requirements of regulations such as Market Abuse Regulation (MAR).

Commenting on the acquisition, the Sybenetix team stated: “Today, Sybenetix achieved a very important milestone on our journey. We have reached an agreement to join our forces with Nasdaq. Over the course of the past few months, we got to know Nasdaq better as a company and as individuals. Both sides became more excited about the possibilities of working together as one team. We did not decide to sell Sybenetix. We decided to sell Sybenetix to Nasdaq.”

President and CEO of Nasdaq, Adena Friedman, says Nasdaq believes behavioural science, cognitive computing and machine intelligence are essential to successful surveillance. The acquisition of Sybenetix, she says, “accelerates our offering to the buy-side and advances our ambitions to expand market integrity controls into all segments of the capital markets.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

FinCEN Issues New Guidance on SARs : Less Box-Ticking, More Signal

The Financial Crimes Enforcement Network (FinCEN), together with the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC), recently issued new guidance clarifying how financial institutions should approach the filing of Suspicious Activity Reports (SARs), see Frequently Asked Questions Regarding Suspicious Activity...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...