Nasdaq Surveillance
Manipulation is faster, more complex, and harder to detect than ever. Nasdaq powers surveillance for the world's most demanding firms, and the exchanges and regulators that oversee them.
200+
Banks & Brokers
60+
Global Exchanges
19
Regulators
The Reality of Market Surveillance
Markets are more complex, more connected, and moving faster than ever. What once played out in a single asset class now spans equities, derivatives, crypto, and physical markets, often across multiple venues and jurisdictions. The environment is shifting fast:
Cross-Market Complexity
Activity spans products, venues, and participants—often simultaneously.
Regulatory Escalation
Enforcement is intensifying globally, with higher expectations for real-time detection and explainability.
AI-Driven Disruption
The same technologies driving trading innovation are now being used to obscure manipulation.
Surveillance is no longer just a compliance function. It’s a real-time, cross-market intelligence challenge.
Where Legacy Surveillance Breaks Down
Most surveillance platforms weren’t built for this environment. Across both market participants and financial market infrastructures the root cause is the same.
Alert Fatigue
False positives consume analyst capacity. When everything looks like risk, genuine threats get buried.
Siloed Coverage
Cross-product manipulation remains invisible. Disconnected systems can’t deliver a unified view across trading activity, venues, and asset classes.
Regulatory Lag
Rules struggle to keep pace with evolving mandates. Teams are forced to retrofit new requirements into systems that weren’t designed to support them.
Scale & Velocity
Market data volume has outgrown legacy infrastructure. Surveillance that can’t process and correlate data in real time is operating too late to act.
The Nasdaq Approach
A connected surveillance ecosystem—built for how markets actually behave. What this enables:
Cross-Market Visibility
Detect patterns across venues, products, and participants—not just within one view.
End-to-End Workflows
Move seamlessly from detection to investigation to resolution.
Broad Asset Coverage
Equities, derivatives, fixed income, FX, crypto, commodities.
A Global Ecosystem
Used by exchanges, regulators, banks, and brokers worldwide.
Advanced Analytics and Visualization
Turn large volumes of data into something you can interpret and act on.
We don’t just serve the market—we operate it. That perspective shapes how we build.
Choose Your Role
How you engage with the market shapes how you surveil it.
You Need Visibility Beyond Any Single Venue or Participant
Cross-market and cross-asset surveillance • Investigation and enforcement tools • Real-time and historical analysis • Proven adoption across regulatory bodies
Explore Nasdaq Market Surveillance for RegulatorsYou are Responsible for Maintaining Market Integrity in Real Time
Monitoring of trading activity and manipulation • Market control and operational oversight • Scalable infrastructure for high-volume environments • Trusted by leading global exchanges
Explore Nasdaq Market Surveillance for ExchangesYou Need to Detect and Investigate Activity within Your Firm—and Stand Behind It
Detection of insider trading, spoofing, and manipulation • Integration across order and trade data • Reduced false positives and stronger investigations • Fast deployment with scalable delivery models
Explore Nasdaq Trade SurveillanceFind Your Solution
Nasdaq combines deep market operator experience with advanced analytics to deliver surveillance at global scale, across both sides of the market.
Nasdaq Trade Surveillance
Detect, investigate, and document market abuse across your own trading activity—across any asset class, at any scale.
- 300+ out-of-the-box alert scenarios across asset classes
- Cross-product and cross-venue detection across 200+ venues
- AI-powered analytics that adapt to evolving manipulation patterns
- End-to-end investigation workflows with case management and reporting
- Coverage aligned to global regulatory frameworks
Nasdaq Market Surveillance
The platform that powers Nasdaq’s own markets – built to maintain integrity and protect investors.
- Real-time monitoring at massive scale with sub-millisecond latency
- AI-enhanced detection validated in live market environments
- Cross-market, cross-asset coverage
- Support for crypto and evolving market structures
- Proven deployment across exchanges and regulators worldwide