Nasdaq Trade Surveillance Expands with Data Discovery Capability
January 07 2020 - 06:00AM
Today Nasdaq (Nasdaq: NDAQ) announced the launch of its data
discovery capability within Nasdaq Trade Surveillance, the world’s
most widely used surveillance solution for the sell-side industry.
Compliance teams that implement this capability will have deeper
insight into trading and surveillance activity to extract
additional insights and context for market abuse investigations.
Additionally, data scientists can benefit from normalized data
access to fuel innovation initiatives. Created in collaboration
with Nasdaq clients, the data discovery technology is already
operating in multiple firms.
While the data discovery capability is initially focused on
delivering value to the Nasdaq’s surveillance community, it will be
rolled out to other Nasdaq market technology platforms beyond
surveillance over time to unveil additional insights when analyzing
data across siloes.
“Data is and always will be the key source for decision making
for an organization – how data is unlocked, processed and utilized
is crucially important,” said Valerie Bannert-Thurner, Senior Vice
President and Head of Buy-Side and Sell-Side Solutions, Market
Technology, Nasdaq. “We believe our new capability opens doors for
our trade surveillance clients to tap previously underutilized data
to further enhance their operations, advance their surveillance, as
well as differentiate and empower their business strategy.”
For many firms, normalization of trade- and compliance-related
data across multiple venues is cumbersome, while the process of
extracting the right data sets at the right time for the right
persona is both time-consuming and resource intensive. Through an
intuitive user interface and powerful API, data access hurdles for
compliance and data science teams can be overcome.
The data discovery capability assists with several trade
surveillance use cases:
- Regulatory inquiries – allows access to extensive trading data
for rapid response to regulatory or exchange initiated
inquiries
- Data reconciliation – allows access to normalized trading data
across multiple asset classes and venues for use in data audits and
reconciliation for regulatory compliance including MiFID II
- Case reviews – provides new data investigation capabilities to
expeditiously identify activity patterns over time and across
securities and markets to aid investigation of sophisticated market
abuse cases
- Data science access – supports the exploration of targeted data
sets, aggregations and behavioral indicators for use in internal
data analysis projects by data scientists and innovation teams
As the industry benchmark for real-time and T+1 cross-market
surveillance platforms, Nasdaq’s surveillance technology automates
the detection, investigation and analysis of potentially abusive or
disorderly trading, to help improve the overall efficiency of the
surveillance organization and reduce cost, even as market
complexity and new regulations increase. These solutions are used
to power monitoring for more than 59 marketplaces, 19 regulators
and 160+ market participants, including several buy-side
institutions, across 65 countries.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of data,
analytics, software and services enables clients to optimize and
execute their business vision with confidence. To learn more about
the company, technology solutions and career opportunities, visit
us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Media Contacts
Ryan WellsMobile: +1 646 648 3887ryan.wells@nasdaq.com
Yan-yan Tong Mobile: +46 (0)73 449 66 83
yan-yan.tong@nasdaq.com
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