CFTC embraces Nasdaq surveillance as nonstop crypto trading overwhelms old tools
The US Commodity Futures Trading Commission (CFTC) will integrate Nasdaq’s surveillance system to strengthen oversight of digital asset and derivatives trading.
The agency confirmed the move on Aug. 27, noting that it marks the replacement of its outdated 1990s-era monitoring tools with technology built for today’s 24-hour markets.
Why the CFTC is upgrading
The regulator noted that it supervises various markets, from commodities and currencies to crypto and event contracts.
However, recent growth in these markets and structural changes, such as continuous trading hours, have increased the risk of abuse and manipulation.
Considering this, the CFTC noted that this evolving environment has forced its hand to seek tools capable of handling…
