CFTC adopts Nasdaq surveillance tech to oversee digital asset markets

Discover key highlights within the AI & Blockchain house. This article dives into: “CFTC adopts Nasdaq surveillance tech to oversee digital asset markets”.

Key Takeaways

• The CFTC has deployed Nasdaq’s surveillance know-how to improve oversight of derivatives and digital asset markets.
• Nasdaq’s system permits automated alerts and cross-market analytics to assist stop fraud, manipulation, and abuse.

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The Commodity Futures Trading Commission (CFTC) has adopted Nasdaq’s Market Surveillance platform, one of many world’s most generally used surveillance applied sciences, to improve its oversight of derivatives and digital asset markets, in accordance to a Wednesday assertion.

The deployment of Nasdaq’s market surveillance know-how is a part of a modernization push led by Acting Chair Caroline Pham to make the CFTC a “21st century regulator,” changing its decades-old market surveillance system.

“As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve,” mentioned Pham in a press release. “Nasdaq Market Surveillance will, for the first time, provide the CFTC with automated alerts and cross-market analytics that will benefit each of the CFTC’s operating divisions and better protect our markets from fraud, manipulation, and abuse.”

Tal Cohen, President at Nasdaq, mentioned at the moment’s monetary markets require superior surveillance know-how that may adapt to speedy regulatory modifications and rising asset lessons.

He famous that Nasdaq, as each a market operator and a know-how supplier, holds a singular place on the intersection of innovation and regulation.

“We’re proud to partner with the CFTC and support their mission to promote the integrity, resilience, and vibrancy of the US derivatives markets,” Cohen said.

Nasdaq Market Surveillance, which serves over 50 exchanges and 20 worldwide regulators globally, permits built-in monitoring throughout CFTC markets. The platform identifies potential manipulation patterns throughout a number of asset lessons, conducts transaction-level evaluation, and generates automated alerts throughout merchandise and buying and selling venues.

The system offers real-time evaluation capabilities by complete order guide information entry, essential for stopping market abuse in each conventional and crypto asset markets. Its versatile structure permits for speedy scaling during times of heightened quantity and volatility.

The know-how improve comes because the CFTC expands its regulatory scope, significantly in digital asset markets.

Last week, the company initiated a brand new section of its ‘Crypto Sprint’ initiative, aiming to implement suggestions from the President’s Working Group on Digital Asset Markets.

Pham introduced plans for stakeholder engagement and public remark to additional develop laws for leveraged, margined, or financed retail buying and selling of crypto tokens on registered exchanges.

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