CFTC is replacing its old 1990s surveillance system with Nasdaq’s advanced technology

The ￰0￱ Futures Trading Commission (CFTC) is making a big move toward modernizing its market ￰1￱ regulator has joined forces with Nasdaq to implement the latter’s Market Surveillance solution, which several exchanges and regulators across the globe already ￰2￱ the CFTC, the shift is also a turning ￰3￱ current surveillance system dates back to the 1990s and was intended for a far different trading stage. Today’s markets are faster, more global, and vastly more complex, with crypto assets and prediction markets in the ￰4￱ say the old tools are no match for new ￰5￱ Nasdaq’s technology, the CFTC hopes to plug holes in fraud detection and monitor the ￰6￱ platform offers auto-alerts, cross-market analytics, and real-time visibility into trading ￰7￱ will allow investigators to identify suspicious activity sooner, to take action more quickly, and to better protect ￰8￱ and investors from manipulation and ￰9￱ decision also comes as political and industry pressure increases on regulators to bolster oversight of digital ￰10￱ markets never close, and the price swings and trading volumes can shoot up within ￰11￱ risk being left behind without advanced ￰12￱ say the upgrade makes the CFTC a more effective enforcer of market integrity when American financial oversight has been under a ￰13￱ is about replacing a pretty old system as much as creating a regulator ready for the future of ￰14￱ acts to speed up spot market abuse enforcement CFTC and Nasdaq want real-time trade surveillance across all asset classes, including ￰15￱ CFTC is working with Nasdaq on allowing market surveillance information sharing from CME Group, sending direct market participants information that in the past was kept confidential for obvious ￰16￱ Chair Caroline ￰17￱ said the rise of digital finance continued to influence the work of the CFTC and noted that the upgrade was vital as the agency assumed a greater role in overseeing the ￰18￱ stressed that as markets evolved, the regulator also had to ￰19￱ to her, Nasdaq Market Surveillance would provide automated alerts and cross-market analytics, enabling the CFTC to track unusual trades, prevent manipulation, and protect investors more ￰20￱ system, which replaces decades-old technology at the agency, allows staff to simultaneously scan trading patterns across traditional derivatives and fast-moving crypto ￰21￱ say this is crucial to forestalling risks such as wash trading, price manipulation, or cross-exchange arbitrage in digital ￰22￱ rollout is part of a larger push at the agency for modernization to place the CFTC as a “21st century regulator.” Nasdaq extends reach in market oversight push Nasdaq is not new to market ￰23￱ monitoring technology already supports over 50 exchanges and 20 regulators globally, including Europe and ￰24￱ working with the CFTC, Nasdaq broadened the way in which it helps police the financial web in the United ￰25￱ technology can monitor manipulation across asset classes, commodities, fixed income, cryptocurrencies, and prediction ￰26￱ technology provides granular order-book data and the ability to scale during periods of high ￰27￱ is particularly important for crypto markets that are open 24/7 and can move extremely ￰28￱ Cohen, the president of Nasdaq, said that today’s markets require technology capable of responding ￰29￱ added that Nasdaq was proud to support the CFTC in its efforts to ensure the resilience and fairness of ￰30￱ agency isn’t only focusing on the old markets of the ￰31￱ is also preparing for the next wave of financial ￰32￱ this year, it introduced a “crypto sprint” to examine digital assets and follow recommendations from a White House ￰33￱ rise of round-the-clock trading, decentralized finance, and prediction markets calls for more sophisticated surveillance ￰34￱ CFTC can gain a straightforward view across markets through Nasdaq’s ￰35￱ fraud or unusual activity in one asset class can be cross-checked with ￰36￱ $50 free to trade crypto when you sign up to Bybit now