Nasdaq Boosts Trade Surveillance With Data Discovery Tool
Zacks Investment Research | Jan 09, 2020 10:18PM ET
Nasdaq, Inc. (NASDAQ:NDAQ) has launched a data discovery tool within Nasdaq Trade Surveillance, which is widely used as a surveillance solution by the sell-side industry.
The newly launched data discovery tool will help the compliance teams to manage their trading and surveillance activity in a better way. This new technology has been created in collaboration with Nasdaq clients and is already being used by a number of firms. Though the technology currently focuses on surveillance, later on it will also be used by other market technology platforms of Nasdaq to disclose further insights from data analysis.
The new technology is aimed at assisting firms in a number of trade surveillance areas, which include regulatory inquiries with access to extensive trading data, data reconciliation and market abuse case reviews. It also aids data scientists in regularizing large datasets for internal analysis.
The launch of the data discovery tool will enable trade surveillance clients to analyze the data which were not utilized earlier. This will further boost operations, advance surveillance, as well as differentiate and empower the business strategy.
In November, Nasdaq launched AI for the purpose of surveillance on the Nasdaq Stock Market. The company’s U.S. market surveillance unit and Nasdaq’s Market Technology business collaborated to create the AI in order to detect malicious activity.
Shares of this Zacks Rank #3 (Hold) stock have rallied 33.2% in the past year, outperforming the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.