The firm uses machine learning and natural language processing to help prevent financial crime.
The COVID-19 crisis has been a major driver behind the move.
There was a notable increase in unplanned trade surveillance technology spending.
The deal accelerates Nasdaq's strategy of growing recurring SaaS revenues.
The UK exchange-traded derivatives clearing firm will deploy the cloud-based version of Eventus Validus.
Cloud-deployed service will protect and monitor ITG’s US and Canadian equities trading.
Regulators consider market participants as first line of defence in identifying and preventing market abuse.
Machine learning can present problems but also help manage market abuse risks in the front office.
The SaaS-deployed technology provides flexibility as markets digitise.