“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”
Singapore-based DBS Bank has tapped Nasdaq to enhance its surveillance capabilities and continue to protect its clients from market abuse.
DBS has a presence in 18 markets, where it provides a full range of services in consumer, SME and corporate banking.
Nasdaq’s Trade Surveillance solution will allow DBS to better analyze comprehensive market abuse surveillance scenarios and detect trading anomalies.
DBS’ trade surveillance team will now be able to detect, investigate and document a wide array of market abuse behaviors through tailored alerts while having access to a consolidated view to manage and monitor market abuse risks across multiple venues and asset classes.
Trust in anchored in ability to detect and respond to anomalous activity
Chin Siong Ko, Chief Operating Officer for DBS Vickers, the brokerage arm of DBS, said: “The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure. This is an area that DBS has paid a lot of attention to, and Nasdaq’s solutions add to the suite of cutting-edge technologies that DBS deploys to enhance our surveillance capabilities at all levels and will enable us to better protect our clients’ interest.
“Nasdaq Trade Surveillance will enable DBS to advance its surveillance and market integrity efforts by leveraging Nasdaq’s technology and capabilities for effective monitoring of market conduct across multiple trading venues and asset classes. The technology will provide DBS with a consolidated, flexible and user-friendly view to detect trading anomalies and analyze comprehensive market abuse scenarios through tailored alerts.”
Nasdaq Trade Surveillance provides the flexibility needed for targeted regional alerts designed explicitly for each market that incorporate specific market rules, relative liquidity/volatility, and jurisdictional regulatory requirements.
Over the next five to ten years, DBS will continue investing in technologies such as Artificial Intelligence and Machine Learning to reinforce their surveillance capabilities which will, in turn, strengthen the trust that their clients already have in DBS.