07.31.2020

Tradeweb Selects Nasdaq Market Surveillance Technology

07.31.2020
Shanny Basar
Automation Key to Trade Surveillance

Today, Nasdaq announced that Tradeweb Markets , a leading global operator of electronic marketplaces for fixed income products and derivatives, has selected Nasdaq to provide its Market Surveillance solution for monitoring US Treasuries and Mortgage-Backed Securities trading on Dealerweb, and Swaps trading on DW SEF.

The SaaS-deployed technology will provide Tradeweb with a fully integrated platform with robust and flexible market surveillance workflows to manage cross-market, cross-asset, and multi-venue surveillance, supported by market-leading analysis and visualization tools. The tools will effectively monitor billions of trading messages in real-time or historically in a simplified way by distilling complex information into user-friendly formats.

“As markets digitize at an ever-increasing pace, it is vital that we continue to build and deploy first-class solutions that give traders and investors the surety they need to get trades done,” said Scott Zucker, Chief Risk and Administrative Officer, Tradeweb. “Tradeweb is continuously seeking new and innovative ways to enhance our market infrastructure, and we are excited to incorporate Nasdaq’s technology into our existing surveillance capabilities as part of our ongoing commitment to move market infrastructure forward.”

“Through this partnership, Tradeweb will leverage our cloud based SaaS technology to further advance their surveillance program and strengthen integrity efforts across the fixed income and derivative markets,” said Tony Sio, Head of Market Regulatory Technology, Nasdaq. “We look forward to working together and supporting them in this important endeavor.”

Source: Nasdaq

Related articles

  1. Borsa Italiana Focuses on Derivatives Innovation

    The fintech was launched to build better infrastructure to access capital markets.

  2. IPC Systems won Best in Cloud (Connexus Cloud) at the 2022 Markets Choice Awards.

  3. Spending on Cloud Services to Reach $3 Billion

    The bank plans to move all IT systems and enterprise data over the next four years.

  4. How APIs are Changing the FinTech Narrative

    The firm aims to replace outdated tech in capital markets.

  5. The partnership expedites implementations, improves data access, and increases operational efficiency.