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Nasdaq Boosts Trade Surveillance With Data Discovery Tool

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Nasdaq, Inc. (NDAQ - Free Report) has launched a data discovery tool within Nasdaq Trade Surveillance, which is widely used as a surveillance solution by the sell-side industry.

The newly launched data discovery tool will help the compliance teams to manage their trading and surveillance activity in a better way. This new technology has been created in collaboration with Nasdaq clients and is already being used by a number of firms. Though the technology currently focuses on surveillance, later on it will also be used by other market technology platforms of Nasdaq to disclose further insights from data analysis.

The new technology is aimed at assisting firms in a number of trade surveillance areas, which include regulatory inquiries with access to extensive trading data, data reconciliation and market abuse case reviews. It also aids data scientists in regularizing large datasets for internal analysis.

The launch of the data discovery tool will enable trade surveillance clients to analyze the data which were not utilized earlier. This will further boost operations, advance surveillance, as well as differentiate and empower the business strategy.

In November, Nasdaq launched AI for the purpose of surveillance on the Nasdaq Stock Market. The company’s U.S. market surveillance unit and Nasdaq’s Market Technology business collaborated to create the AI in order to detect malicious activity.

Shares of this Zacks Rank #3 (Hold) stock have rallied 33.2% in the past year, outperforming the industry’s growth of 26.5%.

Stocks to Consider

Some better-ranked finance stocks are QIWI PLC (QIWI - Free Report) , Envestnet Incorporation (ENV - Free Report)   and Global Payments Incorporation (GPN - Free Report) each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Qiwi operates electronic online payment systems through Payment Services, Consumer Financial Services, Small and Medium Enterprises and Rocketbank segments. The company topped earnings estimates in three of the last four reported quarters, the beat being 72.30%, on average.

Envestnet provides intelligent systems for wealth management and financial wellness in the United States and internationally. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, the surprise being 3.51%, on average.

Global Payments provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company surpassed earnings estimates in the trailing four quarters, the beat being 2.42%, on average.

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