Nasdaq and Digital Reasoning Team Up to Foster NLP-Driven Surveillance

Nasdaq (Nasdaq:NDAQ) and Digital Reasoning, a provider of cognitive computing solutions, have announced a new partnership that fosters an offering of holistic surveillance technology across global capital markets, according to a Nasdaq statement.

The new partnership between the two entities will expand holistic surveillance technology to a multitude of buy-side participants, as well as brokers, regulators, and exchanges. Moreover, Digital Reasoning will lean on its electronic communications (eComms) monitoring, a solution that helps monitor and investigate employee communications via machine learning technology. By extension, Nasdaq will be bringing its own area of specialty to the table, in the form of its SMARTS Surveillance solutions capabilities.

Subsequently, both Nasdaq and Digital Reasoning will help deliver a consolidated approach and single interface of trade surveillance alerts with natural language processing and machine intelligence-based technology. The partnership is influential for many market participants namely as surveillance analysts will be able to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term insights across several communications and trade data mediums, with the ultimate aim of prioritizing areas for evaluation for potential rapid investigations.

According to Valerie Bannert-Thurner, Head of Risk & Surveillance Solutions, Nasdaq, in a recent statement on the strategic partnership: "Digital Reasoning is a true disruptor in the financial technology space.”

“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," she added.

"The application of machine intelligence to identify inappropriate activity in digital communications greatly boosts positive predictive values over traditional methods, and it brings a radical new technological approach to the field of behavior analysis," added Marten den Haring, Chief Product Officer, Digital Reasoning, in an accompanying statement.

"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. 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," commented Kirsty Everett, Global Head of Monitoring & Oversight at UBS.

Nasdaq made headlines last week after it entered into a definitive agreement to acquire Marketwired, a worldwide provider of news distribution services and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term in its latest merger and acquisition move.