Demonstrating fair and transparent trading and operations is critical to managing reputational risk and ensuring regulatory compliance.
Today firms are monitoring trading on more markets than ever before, which requires visibility across multiple venues and asset classes with a pool of data that is growing at a dramatic rate.
As regulatory authorities continue to raise the stakes, having systematic controls and surveillance procedures in place is critical.
Via a combination of traditional alerts-based monitoring and risk-based discovery, we help compliance teams take a multifaceted approach to surveillance. Our SMARTS Trade Surveillance solutions provide deep information on an individual’s behaviors in the context of market conditions, peer groups and their own individual norms – allowing you to uncover abusive behaviors and people that are more likely to manipulate the market based on their actions.
How Can Nasdaq SMARTS Trade Surveillance help you?
Gain Transparency & Comply with Market Regulations
Ability to link trading activity across venues and asset classes enables compliance with regulatory mandates and ensures that potential gaming or abuse is not left undetected when conducted across multiple marketplaces or asset classes
Reduce Operational Cost & Complexity
Hosted technology and customized data feeds allow for minimization of external data gathering and mapping, reduced time-to-market and decreased total cost of ownership
Future-Proof your Surveillance Program
A flexible, user-friendly solution provides market coverage based upon business needs and risk exposure with the ability to rapidly implement new trading venues to ensure compliance even as business strategy changes
As behaviors continue to evolve, we strive to be one step ahead of potential market threats with innovative solutions that enable firms to better understand conduct risk as a whole.Head of Product Management, Sell-side & Buy-side Technology Learn more
Monitor for malicious trading activity via effective, targeted and transparent logic based alerts
REVIEW & INVESTIGATE
Leverage surveillance visualizations and reporting tools for deeper interrogation of alerts and trading scenarios, with timely access to relevant trading data
Efficiently handle and process system alerts and outputs
Interrogate trading and compliance data to support investigative inquiries and further explore data to flag trader or account behavior risk
Our surveillance solutions offer coverage for:
Over 20 years of experience as the industry benchmark for real-time and T+1, cross-market, cross-asset surveillance platforms.
Futures & Options
Functionality to link options, futures, equities, FX, energy and commodities across global trading venues.
Supports contracts traded on over 40 global energy and commodity markets.
Co-developed in partnership with major FX trading firms to monitor for manipulation within FX markets.
Ability to monitor and flag trading in OTC Precious Metals for possible manipulation of benchmark fixes, trading-with-knowledge, unusual pricing and other suspect behaviors of interest.
Coverage of both ‘pure’ OTC and on-venue activity, providing a complete surveillance solution for your fixed income business.
Ability to monitor multilateral dark pools (ATS and MTFs), as well as internalized trading (trading into internal crossing networks or liquidity aggregators, or systematic internalizers).
Alerts designed specifically for energy contracts and the regulations they must abide by — such as REMIT, MAR, FERC and CFTC conduct rules.
Proactive discovery within crypto markets to ensure transparency and integrity standards are met.
For Reporting & QueriesKey Features
Nasdaq Data Discovery for SurveillanceNasdaq SMARTS Data Discovery enables firms to pull queries and reports across trading and alert data for deeper insights
- Choose Aggregation Level
- Define Query Conditions
- Customize Output
For Front-Office SupervisionKey Features
Nasdaq Trade SupervisionReal-time, cross-asset solution for front-office monitoring of trading activities which may represent disorderly markets
- Detection of disorderly trading patterns
- Full asset class coverage
- Rapid alert delivery
For Managing RiskKey Features
Nasdaq Risk PlatformComprehensive risk management and execution infrastructure tools to help minimize risks.
- Real-time Risk Engine
- Reduce Overfunding, Increase Transparency
- Scalable Technology from an Operator of Markets
Are you a Marketplace, Regulator, or Buy-side Firm?
For MarketplacesKey Features
Nasdaq Market SurveillanceThe solution of choice for an off-the-shelf surveillance with proven monitoring capabilities for all types of trading.
- Detect abuse
- Visualize activity
- Analyze cases
For RegulatorsKey Features
Nasdaq Market Surveillance for RegulatorsThe solution of choice for an off-the-shelf surveillance with proven monitoring capabilities for all types of trading
- Detect abuse
- Visualize activity
- Analyze cases
For Buy-side FirmsKey Features
Nasdaq Buy-Side ComplianceNasdaq Buy-side Compliance provides asset managers and hedge funds with trade surveillance and regulatory compliance.
- Compliance with Regulatory guidelines
- Increase Operational Efficiencies
- Investor Confidence
Nasdaq Trade Surveillance Factsheet
Nasdaq Trade Surveillance for Energy
Nasdaq Trade Surveillance for FX
Nasdaq Trade Surveillance for Precious Metals
Nasdaq Trade Surveillance Information Security Factsheet
Nasdaq Trade Surveillance Advisory Factsheet
Nasdaq Trade Surveillance for Trading Desks at Buy-side Firms
Nasdaq Trade Surveillance for Fixed Income
2018 Nasdaq Global Compliance Survey
2020 Nasdaq Global Compliance Survey
Implications of Increased Retail Participation for Surveillance Practitioners
Running An Effective Surveillance Program - An Insider’s Perspective
Evolving Style, Same Signature - How Visualizing Order Book Depth Can Help Detect
One Size Doesn’t Fit All - Why Firms Need A Tailored Fixed Income Strategy
FX Surveillance - Under the Regulator Spotlight
Artificial Intelligence Detection on Nasdaq US Equities
RegTech’s Incredible Year - What Lies Ahead
Trade Surveillance Solutions Evolved Effective Essential