The U.S. Commodity Futures Trading Commission (CFTC) has adopted Nasdaq technology to enhance oversight of derivatives and digital asset markets.
CFTC Modernizes Oversight
CFTC has replaced its outdated monitoring system from the 1990s with Nasdaq’s platform. Officials state that it will improve the detection of fraud and manipulation in the markets and provide more effective market activity analysis.
Technological Benefits of Nasdaq's Platform
The new platform offers automated alerts, transaction-level analysis, and scalability during active trading. It will allow the CFTC to identify suspicious activity across various asset classes, including commodities, currencies, and crypto assets.
Growing CFTC Authority in Cryptocurrency
CFTC is taking steps to prepare for broader authority in cryptocurrency oversight. Recently, the agency launched the “Crypto Sprint” initiative to review futures trading and implement recommendations from the President’s Working Group on Digital Asset Markets.
The adoption of Nasdaq's new platform demonstrates the CFTC's commitment to adapt to modern market conditions and enhance its capability in overseeing the rapidly evolving digital asset sector.
