#SOLTreasuryFundraising CFTC Committee Moves to a New Generation of Oversight: Adopting Nasdaq's System to Monitor Crypto and Derivatives Markets The U.S. Commodity Futures Trading Commission (CFTC) announced yesterday, August 27, the integration of Nasdaq's surveillance system, in a move aimed at replacing its outdated tools from the 1990s with a more advanced platform suitable for today's 24/7 markets.
This step comes amid significant growth in trading digital assets and derivatives, along with structural changes that have increased the risks of manipulation and abuse, prompting the agency to seek tools capable of handling massive volumes and complex behaviors.
The new system will provide the agency with a unified view across various asset classes, with the ability to issue automated alerts to monitor suspicious patterns, monitor the order book in real-time, and scale quickly during periods of volatility.
Nasdaq's technology is considered one of the most established systems globally, being utilized by over 50 exchanges and 20 regulatory bodies.
“Caroline D. Pham,” acting chair of the commission, described the system as a tool that provides oversight teams with comprehensive analytics and immediate alerts, enhancing the efficiency of investigations and enabling strategic resource allocation.
She confirmed that this step is part of the agency's efforts to modernize and remain a leader in derivative regulation during the 21st century.