Exec notes growing interest in cross-market and cross-product surveillance.
A dynamic, proactive approach is needed to continuously improve surveillance.
Some material changes have come out of ESMA’s review of algorithmic trading.
Technology has enhanced capabilities of surveilling larger and more disparate data sets.
There are weaknesses in the surveillance of market abuse in wholesale commodity and energy market trading.
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.