Singapore/Hong Kong, 22 November 2022 – Nasdaq was awarded Best Solution – Market & Trade Surveillance in the 5th Regulation Asia Awards for Excellence 2022 on 22 November 2022.
Nasdaq was recognized for both its Nasdaq Market Surveillance and Nasdaq Trade Surveillance solutions, which are seen as global gold standards for capital markets related surveillance and monitoring. “Nasdaq continues to find the perfect balance between resilience and innovation, while adapting to ever changing market conditions,” said one judge on the Regulation Asia awards panel.
Nasdaq Market Surveillance is widely used by regulators and exchanges globally for monitoring a broad range of asset classes – equities, derivatives, swaps, commodities, FX, benchmarks, digital assets – for manipulation, spoofing, extreme price volatility, ramping and other types of market abuse. The solution correlates real-time and historical data with detection patterns to ensure early detection of unusual trading patterns that could be potential regulatory or exchange rule violations.
Nasdaq Trade Surveillance is used by market participants – banks, brokers, asset managers, proprietary trading firms – to perform surveillance on trading behaviours across multiple markets and trading venues, often globally. The solution allows firms to configure over 50 alert scenarios at multiple levels – account, trader, asset class, and product type – to alerts them to a range of market abuse behaviours.
“Nasdaq solutions are already widely adopted globally, yet we continue to see regulators, exchanges and market participants turn to them to meet the growing challenges of faster, more active and more volatile marketplaces,” said another awards judge. “The company continues to innovate as the trading landscape evolves and bad actors adapt accordingly – providing significant utility in areas from meme stock trading to crypto market surveillance.”
Nasdaq is continuing to work on a number of initiatives to ensure it remains at the forefront of surveillance technology providers. Among these, the company is further developing its use of machine learning techniques for anomaly identification, classification and investigations.
About the Regulation Asia Awards for Excellence 2022
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2022 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.
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