Nasdaq Completes Acquisition of Adenza

    Nasdaq risk platform for capital markets
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    Nasdaq Trade Surveillance (SMARTS)

    The surveillance technology trusted by regulators & exchanges - built for you.

    We don’t just sell pioneering surveillance technology, our own global exchanges use it too.

    Benefit from one of the most comprehensive surveillance tools on the market, used by over 170 banks & brokers and trusted by over 50 exchanges and 18 regulators.  

    Benefits

    See why 84% of firms look externally to support their surveillance monitoring.

    Manage Reputational Risk

    Protect your firm from reputational damage associated with market manipulation by aggressively monitoring for anomalous trading patterns. 

    Maintain Regulatory Standards

    Adhere to global and regional regulations including MAR, MiFID II, Dodd Frank, the FX Code of Conduct and more.

    Reduce Operational Complexity

    Streamline processes involved in monitoring and free up analysts for critical investigations. 

    Asset Classes

    The most extensive coverage, without question.

    NTS_Assets_Classes_Image

    Cross-asset, Cross-Market

    200+ markets and data feeds sourced, hosted & maintained by us–so you can do what you do best. 

    Learn more ->

    Equities

    Access coverage of 120+ equities markets.

    Futures & Options

    Gain visibility across 50+ futures and options markets. 

    Commodities

    Works with contracts spanning 40 global energy and commodity markets.

    Crypto

    Help support the stability and integrity of the emerging digital assets ecosystem with comprehensive coverage for crypto spot trading. 

    FX

    Monitor foreign exchange trading for nefarious activities – including those outlined in the Global Code of Conduct. 

    Fixed Income

    Tailor your surveillance approach to the unique trading attributes of Fixed Income with coverage for manipulation across related products, RFQ frontrunning, and D2D and D2C trading flows. 

    Dark Pools

    Dual capacities to surveil multilateral dark pools such as ATSs and MTFs, as well as internalized trading, such as liquidity aggregators or systematic internalizers.

    Energy

    Monitor across physical and financial energy markets with  alerts that are tailored to meet regulatory requirements laid out by REMIT, MAR, FERC, and CFTC. 

    Precious Metals

    Surveil OTC precious metals markets for misdeeds including benchmark fixes, trading-with-knowledge, and unusual pricing. 

    Equities

    Access coverage of 120+ equities markets.

    Futures & Options

    Gain visibility across 50+ futures and options markets. 

    Commodities

    Works with contracts spanning 40 global energy and commodity markets.

    Crypto

    Help support the stability and integrity of the emerging digital assets ecosystem with comprehensive coverage for crypto spot trading. 

    FX

    Monitor foreign exchange trading for nefarious activities – including those outlined in the Global Code of Conduct. 

    Fixed Income

    Tailor your surveillance approach to the unique trading attributes of Fixed Income with coverage for manipulation across related products, RFQ frontrunning, and D2D and D2C trading flows. 

    Dark Pools

    Dual capacities to surveil multilateral dark pools such as ATSs and MTFs, as well as internalized trading, such as liquidity aggregators or systematic internalizers.

    Energy

    Monitor across physical and financial energy markets with  alerts that are tailored to meet regulatory requirements laid out by REMIT, MAR, FERC, and CFTC. 

    Precious Metals

    Surveil OTC precious metals markets for misdeeds including benchmark fixes, trading-with-knowledge, and unusual pricing. 

    2023 Cryptocurrency Regulation Guide

    Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide 2023 Edition identifies all the major policies around the world that govern the regulation of crypto assets.

    Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide 2023 Edition identifies all the major policies around the world that govern the regulation of crypto assets.

    Thought Leadership

    Ensure you have the latest information to keep your firm safe.

     

     

    FinextraTV: Monitoring for Market Abuse Across Related Instruments

    Ian Hawkins, head of Product Management at Nasdaq speaks to FinextraTV's Hannah Wallace about a recent prosecution by Dutch regulator, the AFM, and provides insights into the type of tradeable products that can be subject to this type of market abuse as well as some of the manipulative devices used.

    Ian Hawkins, head of Product Management at Nasdaq speaks to FinextraTV's Hannah Wallace about a recent prosecution by Dutch regulator, the AFM, and provides insights into the type of tradeable products that can be subject to this type of market abuse as well as some of the manipulative devices used.

    Additional Resources

    Whitepaper

    Challenges of Effective Surveillance in Fixed Income Markets

    The unique nature of how Fixed Income is traded means that, in order to avoid regulatory scrutiny, firms must tailor their surveillance programs to reflect product-specific risks. This paper highlights the Australian Securities and Investment Commission’s (ASIC) recent reports identifying concerns about the effectiveness of participants’ surveillance programs for Fixed Income.

    Webinar

    Maximizing Trade Surveillance Efficiency: Best Practices for Success

    Watch the webinar replay to learn how your firm can remain compliant in the face of regulatory scrutiny.

    Product Content

    Buyer’s Guide: Key Considerations for Your Surveillance Solution

    Read our newest buyer's guide to learn about key considerations to help assess the solution that best suits your firm.

    Impact

    The benchmark for T+1 surveillance.

    29+
    Years of surveillance expertise

    170+
    Clients

    25+
    Awards

    3,000+
    Live sites

    See in-depth surveillance coverage in action.

    Claim Your Free Demo!

    Related products

    Same effectiveness, different application.

    Run an exchange?

    Ensure your own organization and market participants are protected from potential financial misdeeds. 

    Ensure your own organization and market participants are protected from potential financial misdeeds. 

    Regulating multiple exchanges and market participants?

    Track and disrupt financial crime as it occurs across multiple markets. 

    Track and disrupt financial crime as it occurs across multiple markets. 

    Anti-Financial Crime

    Ally with Nasdaq Anti-Financial Crime Technology

    Verafin: Fraud Detection and Management

    Understand how participants are fraudulently presenting themselves on your exchange.  

    Understand how participants are fraudulently presenting themselves on your exchange.  

    Nasdaq Anti-Financial Crime Solutions for Cryptocurrency

    Effectively mitigate risks across traditional and digital assets, fiat and crypto, and on and off-chain activities with a comprehensive suite of crypto-specific monitoring capabilities.

    Effectively mitigate risks across traditional and digital assets, fiat and crypto, and on and off-chain activities with a comprehensive suite of crypto-specific monitoring capabilities.

    Verafin: BSA/AML Compliance and Management

    Strengthen regulatory compliance and enhance your ability to detect, investigate and report potentially suspicious activity with targeted analytics and end-to-end BSA/AML solutions.

    Strengthen regulatory compliance and enhance your ability to detect, investigate and report potentially suspicious activity with targeted analytics and end-to-end BSA/AML solutions.

    Resource library

    More Information

    Support

    Frequently Asked Questions

    Yes. Throughout our almost 30-year history, we have continued to innovate and adapt our technology to effectively monitor new markets and asset classes. Our coverage now spans over 200 markets and 300+ behaviors – spanning multiple asset classes and markets, including crypto. 

    Nasdaq Trade Surveillance is one of the most robust surveillance tools on the market. Nasdaq Trade Surveillance presents a far-ranging suite of features, preparing you to track crime across multiple regions and asset types by looking at all market and trading data – never sampling. Nasdaq Trade Surveillance also benefits from Nasdaq’s unique position as a longtime global operator of numerous exchanges and the expertise garnered from monitoring our own 28 markets. 

    Surveillance is increasingly moving from an optional, but pragmatic, component to an essential need. Being proactive about surveillance means not only will you be less likely to incur a costly fee down the line, but you will also deter financial misdeeds within your firm, ensuring that your employees are adhering to regulatory guidelines and preventing potential reputational damage.