Final month, Nasdaq was lauded for its industry-leading Monetary Know-how merchandise on the WatersTechnology Promote-Facet Know-how Awards: securing wins for each the best sell-side market surveillance product for the Nasdaq Market Surveillance (NMS) and Nasdaq Commerce Surveillance (NTS) techniques, and best use of the agile methodology for the Nasdaq Threat Platform (NRP).
That is the primary time that Nasdaq’s danger platform has been acknowledged for its distinctive skill to assist shoppers defend their organizations whereas remaining aggressive.
Allow us to take you behind the scenes of those award-winning merchandise and the way they’re uniquely positioned to assist corporations mitigate, handle, and capitalize on the complexities of right now’s ever-evolving monetary system.
The Nasdaq Threat Platform Breaks By
Malcolm Warne, Head of Product for the Nasdaq Threat Platform, spoke concerning the product’s first win and the way it took place.
Warne defined how the NRP’s subtle set of instruments assists shoppers by offering transparency into market dangers and serving to them defend towards the impacts of stated dangers on their backside line.
“We measure [risk] in actual time so [customers] can transfer in a short time,” Warne defined. “If one thing dangerous is occurring, we allow them to learn about that very clearly to allow them to take immediate motion.” This proactive strategy permits shoppers to effectively defend towards potential monetary impacts.
In its rationalization of its choice, WatersTechnology pointed to how Nasdaq’s know-how can shortly adapt to buyer wants and customise its providing to satisfy them the place they’re. The judges famous that “Agile methodology-focused classes have been a part of WatersTechnology’s numerous awards applications for the perfect a part of a decade, and in all that point no entry has higher articulated the worth and effectiveness of the event framework than this one from Nasdaq. The great thing about agile is that new performance is drip-fed into the product usually, guaranteeing that it’s at all times present and its evolution is pushed in collaboration with its end-users.”
Warne emphasised how Nasdaq’s utilization of the cloud has made the NRP deployment comparatively seamless. Due to that, heads of buying and selling, CTOs, and danger managers at consumer corporations love the know-how, which solves their “danger administration complications.”
“Our shoppers can probably commerce extra and safely tackle extra danger as a result of they know they’ve the suitable danger controls in place,” he stated.
What makes Nasdaq’s danger monitor distinctive, Warne added, is that it depends on fast iteration to ship worth to prospects in a brief period of time.
“Taking a little bit thought, iterating, and getting it to everybody shortly is sort of uncommon in our house.”
Protecting Markets Reliable and Protected
Nasdaq additionally took house the award for greatest sell-side surveillance product for Nasdaq Market Surveillance (NMS) and Nasdaq Commerce Surveillance (NTS), for which it received the identical award final yr.
These two merchandise assist guarantee honest, clear, and protected markets by detecting indicators of abuse, and guaranteeing prospects have fast and actionable entry to info to navigate probably dangerous conditions. Nasdaq attracts on the data base of its inside groups in addition to its massive community of shoppers to help shoppers in staying compliant with regulatory necessities.
In its analysis of the surveillance suite, WatersTechnology famous Nasdaq’s secret sauce centered round its expansive protection, providing knowledge entry to over 200 markets; all asset courses, together with OTC and crypto; issuing greater than 300 preset alerts for market abuses; and offering a large aperture view of the worth unfold throughout buying and selling exercise.
“Readers can be accustomed to the trade operator’s vastly profitable… providing, which has dominated the market surveillance roost for the perfect a part of a decade,” reads the choice. “Nasdaq has constructed on that legacy by offering the promote aspect with what can greatest be described because the all-singing, all-dancing market surveillance platform that not solely takes care of particular person corporations’ surveillance wants, however these of exchanges and regulators, too.”
Becoming In With the Bigger Mission
These twin award wins are an expression of the mission and values of Nasdaq’s Monetary Know-how unit, which gives mission-critical capital markets and regulatory know-how options to the monetary providers {industry}. It accomplishes this purpose by way of providing Capital Markets Know-how Options and Regulatory Know-how Options to shoppers.
Nasdaq Monetary Know-how’s function is to assist banks, brokers, regulators, monetary infrastructure operators, and buy-side corporations remedy tough challenges whereas sustaining up-to-date know-how and practices. Each the Nasdaq Threat Platform and Nasdaq Market and Commerce Surveillance are essential, acclaimed applied sciences that assist shoppers meet these challenges efficiently.
Be taught extra about Nasdaq’s Monetary Know-how Options right here.
