The Commodity Futures Trading Commission (CFTC) has partnered with Nasdaq to make use of the exchange’s Market Surveillance platform, in a bid to enhance market oversight.
Caroline Pham
The collaboration is set to support integrated monitoring across CFTC markets and provide scalable surveillance capabilities to promote market integrity.
Additionally, the integration of Nasdaq’s surveillance technology suite is expected to provide sophisticated tools to help CFTC in addressing growth in traditional and new derivatives markets and products, with recent developments spanning the increasing uptake of extended trading hours and market structure innovation.
“As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve,” said acting CFTC chair Caroline Pham.
“Nasdaq Market Surveillance will, for the first time, provide the CFTC with automated alerts and cross-market analytics that will benefit each of the CFTC’s operating divisions and better protect our markets from fraud, manipulation and abuse. This new suite of solutions will also improve efficiency in analysing market trends and identifying unusual or disruptive trading activity so that our lean and talented staff can take appropriate action more quickly.”
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The move also follows a pledge made by acting chair Pham in March 2025, which stated that the CFTC would provide an enhanced market surveillance system to modernise and upgrade the commission’s system.
Currently, Nasdaq’s Market Surveillance covers more than 50 exchanges and 20 international regulators, and delivers services for traditional and digital asset classes, including cross-market monitoring, analytics and fraud detection.
Tal Cohen, Nasdaq president said: “Today’s financial markets demand advanced surveillance technology that can adapt to rapid regulatory evolution and emerging asset classes.”
“As both an owner and operator of heavily regulated markets, as well as a technology provider to financial services companies worldwide, Nasdaq occupies a unique position at the intersection of innovation and regulation.”