Nasdaq partners with Digital Reasoning for next-gen market surveillance


Nasdaq and Digital Reasoning, a leader in cognitive computing, have announced a strategic alliance to offer next generation, holistic surveillance technology to the global capital markets, including the buy-side, brokers, regulators and exchanges. Digital Reasoning’s eComms monitoring for proactive compliance and Nasdaq’s industry leading and award-winning SMARTS Surveillance solutions will deliver a unified approach through the integration of trade surveillance alerts with natural language processing and machine intelligence-based technology all within a single interface. In addition, Nasdaq has participated in Digital Reasoning’s Series D investment round.

“Digital Reasoning is a true disruptor in the financial technology space,” said Valerie Bannert-Thurner, Head of Risk & Surveillance Solutions, Nasdaq. “Our partnership with Digital Reasoning will not only enable us to strengthen our current surveillance solution but also allow us to utilize the best capabilities and data sourced from each product to deliver monitoring technology that will allow firms to take a truly holistic approach to surveillance across structured and unstructured data and strengthen their monitoring and detection capabilities.”

“As an existing user of both vendors, the strategic agreement between Nasdaq and Digital Reasoning presents an exciting development across the UBS market surveillance tool set,” said Kirsty Everett, Global Head of Monitoring & Oversight at UBS. “By combining existing trade surveillance alerting with communications data, it should quickly and holistically provide the surveillance analyst with specific electronic communications associated with potential market manipulation and/or conduct risk issues.”

With over 20 years of experience as the industry benchmark for surveillance platforms, Nasdaq SMARTS technology powers surveillance and compliance for over 40 marketplaces, 12 regulators and 110 market participants across 65 markets globally.

To view the full release click here.

Related News

arrow

Nasdaq partners with Digital Reasoning for next-gen market surveillance

2

Send this to a friend