Surveillance Built for the Fastest Markets
Your algorithms exploit cross-market inefficiencies and venue-specific behaviors in microseconds—the same sophisticated patterns that market manipulators use to evade detection. HFT strategies require surveillance technology that matches your operational sophistication.
Nasdaq Trade Surveillance for High-Frequency & Proprietary Trading
Built by the team that monitors exchanges processing billions of trades daily, our surveillance architecture scales to match your volume while providing the technical depth your business demands.
How We Match Your Technical Sophistication
Ultra-Low Latency Monitoring
Surveillance that captures manipulation patterns across the venues and timeframes where your algorithms operate.
Order Lifecycle Surveillance
Track rapid sequences of placements, modifications, and cancellations to flag spoffing, layering, and quote stuffing.
Venue Optimization Intelligence
Understand manipulation patterns across venues to optimize your routing and execution logic.
Market Microstructure Analysis
Leverage the same cross-venue, cross-product analysis your algorithms use to identify sophisticated threats.
The Benchmark for T+1 Surveillance
30+
Years of Surveillance Expertise
190+
Clients
25+
Awards
3,000+
Live Sites
Navigating Cross-Product Complexity With Smarter Surveillance
Ian Hawkins, Head of Nasdaq Trade Surveillance Product Strategy, discusses the complexity of monitoring for cross-product manipulation.
Insights and Resources for High Frequency & Proprietary Trading Firms
Uncovering Cross-Product Manipulation
In the surveillance world, we’re trained to look for patterns. But what happens when the patterns of interest span multiple products, markets or even regions? Cross-product manipulation is the art of misdirection—where the signal isn’t in the trade itself, but in the choreography between instruments.
When One Trade Isn’t the Whole Story: Uncovering Cross-Product Manipulation