CFTC monitor the cryptocurrency market with Nasdaq technology

By Hannah Pérez

The United States raw material regulator adopted Nasdaq market surveillance technology to strengthen its supervision to cryptocurrencies, avoiding fraud. Modernize its patented system in 1990.

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• The United States CFTC is modernized with Nasdaq surveillance technology.
• Replaces its system developed in 1990 to be at the forefront of financial technology.
• Supervises derivative and cryptocurrency markets to avoid fraud.
• The regulator is working on new specific rules for the crypto industry.

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The financial regulators of the United States are increasingly paying attention to cryptocurrencies as the market grows rapidly amid a greater institutional and retail demand.

The EE. UU Basic Products Future Negotiation Commission (CFTC) announced on Wednesday the implementation of the Nasdaq market surveillance platform, with the aim of improving supervision and perfecting the detection of fraud in derived markets, including cryptocurrencies.

In an official statement, the CFTC said that Nasdaq technology will allow cross -cross monitoring, advanced analysis and fraud detection in both traditional and digital assets classes.

This measure represents a key step in the agency’s modernization, which seeks to adapt to technological evolution and the growth of emerging digital asset markets such as Bitcoin.

A step to the avant -garde of financial technology

The update replaces the agency inherited system, developed in the 1990s, and complies with the commitment announced in March by the interim president Caroline D. Pham to strengthen surveillance capabilities.

“As our markets continue to evolve and integrate new technology, it is critical that the CFTC remains at the forefront“Pham said in the statement.

“Nasdaq Market Surveillance will provide, for the first time, to the CFTC automated alerts and cross -market analysis that will benefit each of the CFTC operational divisions and better protect our fraud, manipulation and abuse markets. This new solution suite will also improve efficiency in the analysis of market trends and identification of unusual or disruptive commercial activities, so that our staff can act more quickly“He added.

The Nasdaq platform, currently used by more than 50 bags and 20 international regulators, offers capacities to identify possible manipulation patterns in multiple kinds of assets, perform detailed analysis at the transaction level and generate automatic alerts in products and negotiation sites.

In addition, it provides access to orders data for real -time analysis, which is essential to prevent abuse in traditional and cryptocurrency markets. Its flexible architecture allows you to climb operations during periods of high demand and volatility.

Tal Cohen, president of Nasdaq, highlighted the importance of collaboration: “Today’s financial markets demand advanced surveillance technology that can adapt to rapid regulatory evolution and emerging asset classes“, He said, ensuring that Nasdaq is in a”Unique position at the intersection of innovation and regulation ”.

CFTC strives to regulate crypts

The initiative is part of the CFTC efforts for expanding its role in the supervision of digital assets.

The agency, responsible for regulating dynamic markets such as fixed income, raw materials, currencies and cryptocurrencies, has recently advanced an initiative “Crypto Sprint” To implement recommendations from a White House report on the regulation of digital asset markets. This phase includes plans to involve interested and collect public comments on regulations for leverage retail, marginalized or financed tokens crypt in registered exchanges.

The CFTC is expected to potentially become the main supervisory authority of cryptocurrencies, in case Congress approves the Clarity Law on the structure of the cryptocurrency market, which passed in July through the House of Representatives.

Technological adoption underlines the commitment of the CFTC to become a regulator of the 21st century, capable of handling innovations in market structures, such as continuous trade schedules, and ensuring integrity into an expanding ecosystem that includes markets based on events and emerging digital events and assets.

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Article written with the help of AI, edited by Diariobitcoin

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