Nasdaq will acquire Sybenetix, a surveillance provider that uses behavioural analytics and cognitive computing.

The addition of Sybenetix to Nasdaq’s risk and surveillance suite of solutions, including Smarts and TradeGuard, will allow Nasdaq to “bring deeper technology savviness and expertise to buy-side compliance officers across the global capital markets who require future-focused surveillance capabilities to protect their firms”.

Nasdaq says the new tech will also 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, says this acquisition “accelerates our offering to the buy-side and advances our ambitions to expand market integrity controls into all segments of the capital markets”.

Nasdaq will acquire Sybenetix for an undisclosed amount and intends to fund the purchase price with cash on hand. Nasdaq says it does not expect the acquisition to have a material impact on Nasdaq’s financial leverage or capital return strategy.

Sybenetix was founded in 2009 and is headquartered in London. It is backed by fintech and regtech investors Summer Capital, Collinio Capital and Yarrow Capital.

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