Nasdaq Launches AI for Surveillance

The Nasdaq Stock Market, the world’s largest stock exchange by volume traded, will now incorporate artificial intelligence for surveillance patterns following Nasdaq Inc.'s announcement of a successful go-live this past Thursday. Developed as a collaboration between Nasdaq’s Market Technology business, its Machine Intelligence Lab and the company’s U.S. market surveillance unit, the initiative enhances Nasdaq’s market surveillance functionality with artificial intelligence and transfer learning to improve detection of malicious activity. Nasdaq plans to expand the technology to other exchanges and regulators worldwide via the Market Technology business, as well as to other Nasdaq markets. The company will also extend the range of scenarios the system detects. The new technology is currently patent pending with the U.S. Patent and Trademark Office.