Nasdaq, a global technology company for capital markets, has released a new data discovery capability for its trade surveillance solution.
With the new tool, compliance teams can access deeper insights into trading and surveillance activity to extract additional insights and context for market abuse investigations. Furthermore, data scientists can utilise normalized data access to aid innovation efforts.
Plans are in place to roll the technology out for Nasdaq’s other products.
With the new tools, clients can access trading data to accelerate response to regulatory or exchange initiated inquiries, use trading data across multiple asset classes and venues to use in audits and reconciliation of regulations like MiFID II, and review cases to identify activity patterns. Clients can also explore targeted data sets, aggregations and behavioural indicators.
Nasdaq senior vice president Valerie Bannert-Thurner said, “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.
“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.”
Last year, Nasdaq released an AI tool to better detect malicious activity on the Nasdaq Stock Market. The service deploys deep learning technology to better understand complex patterns and hidden relationships within data.
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