The US Commodity Futures Trading Commission (CFTC) has adopted Nasdaq’s Market Surveillance platform to enhance its monitoring and fraud detection capabilities across derivatives markets. The move replaces the agency’s outdated 1990s system and delivers on Acting Chairman Caroline D. Pham’s March pledge to modernise surveillance infrastructure. Nasdaq’s technology, already used by over 50 exchanges and 20 regulators worldwide, will provide the CFTC with advanced tools to safeguard market integrity.
The CFTC oversees a wide range of markets, including commodities, fixed income, currencies, crypto assets, and event-based products. With new challenges such as continuous trading hours and rapid growth in digital assets, the upgraded system will provide scalable, real-time monitoring and integrated oversight. Nasdaq’s platform allows detection of manipulation patterns across asset classes, detailed transaction-level analysis, and automated alerts. Its flexible architecture also offers access to order book data, supporting effective oversight during periods of heightened volatility.
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