CFTC and Nasdaq announced a collaboration to implement a new market surveillance solution, marking a significant step in modernizing financial market oversight.
Shift to Modern Technologies
CFTC is collaborating with Nasdaq to utilize market surveillance solutions that will enhance fraud detection and market monitoring. The current CFTC system dates back to the 1990s and fails to meet the demands of today’s fast-paced trading environment.
Enhancing Surveillance Effectiveness
The approach being adopted through Nasdaq includes automatic alerts and cross-market analytics, allowing the CFTC to respond more rapidly to suspicious activities. This is particularly relevant for the always-open cryptocurrency markets.
A New Era of Financial Regulation
Nasdaq already supports over 50 exchanges and 20 regulators globally. The partnership with CFTC aims to leverage modern technologies to monitor manipulation and safeguard investors, as well as prepare for the new challenges posed by digital assets.
The agreement between CFTC and Nasdaq signals a new chapter in financial regulation, enabling more effective adaptation to the changing conditions of global markets.
