Nasdaq (NDAQ) is set to arrange its business units into three divisions, Market Platforms, Capital Access Platforms, and Anti-Financial Crime, as part of a strategic move to ramp up growth.
Cloud-based surveillance technology from Nasdaq to underpin DBS’ market abuse detection effortsNEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and DBS, a leading financial services group in Asia and Southeast Asia’s largest bank, announced today that DBS will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts. Nasdaq’s Trade Surveillance solutions will enable DBS to enhance its abilities to analyze comprehensive market abuse
It said Market Platforms, Capital Access Platforms and Anti-Financial Crime will be the new units that will focus on digital assets, carbon markets, providing investment intelligence apart from U.S. equities. The New York-based stock exchange, which competes with CBOE Global Markets, NYSE and its parent Intercontinental Exchange Inc and BATS Global Markets, said the fourth quarter and full year 2022 results will reflect the changes. Nasdaq's efforts to streamline its operations come after the sector, which largely catered to stocks and derivatives, underwent an upgrade as cryptocurrencies gained popularity.