Nasdaq Embeds Innovative AI Capabilities Within its Surveillance Platform
Nasdaq (NDAQ) announced AI enhancements to its market surveillance platform after an eight-month pilot with the Capital Markets Authority of Saudi Arabia that identified 80% of pump-and-dump schemes in a historical sample set versus traditional methods. The platform serves 50 exchanges, 20 regulators and 3,800+ clients, and Nasdaq plans to offer the new capabilities to customers starting in Q4 2025.
The enhancements add AI across detection, triage, examination, and regulatory review, and Nasdaq highlights continuous model learning, tailored multi-agent behaviors, and integration with its broader anti-financial-crime tools.
Nasdaq (NDAQ) ha annunciato miglioramenti basati sull'IA al suo sistema di sorveglianza di mercato, dopo un pilota di otto mesi con l'Autorità di Mercati di Capitali dell'Arabia Saudita che ha identificato l'80% degli schemi pump-and-dump in un campione storico rispetto ai metodi tradizionali. La piattaforma serve 50 borse, 20 regolatori e oltre 3.800 clienti, e Nasdaq intende offrire le nuove capacità ai clienti a partire dal Q4 2025.
I miglioramenti aggiungono IA in rilevamento, triage, esame e revisione normativa, e Nasdaq evidenzia apprendimento continuo dei modelli, comportamenti multi-agente personalizzati e integrazione con i suoi strumenti più ampi di anti-crimine finanziario.
NDAQ anunció mejoras con IA en su plataforma de vigilancia del mercado, tras un piloto de ocho meses con la Autoridad de Mercados de Capitales de Arabia Saudita que identificó el 80% de los esquemas pump-and-dump en un conjunto histórico frente a los métodos tradicionales. La plataforma atiende 50 intercambios, 20 reguladores y más de 3.800 clientes, y Nasdaq planea ofrecer las nuevas capacidades a los clientes a partir del Q4 2025.
Las mejoras añaden IA en detección, triage, examen y revisión regulatoria, y Nasdaq destaca aprendizaje continuo de los modelos, comportamientos multi-agente personalizados e integración con sus herramientas más amplias de lucha contra el crimen financiero.
Nasdaq (NDAQ)은 사우디아라비아 자본시장청과의 8개월 파일럿 이후 시장 감시 플랫폼에 AI 향상을 발표했습니다. 역사적 샘플에서 기존 방법 대비 80%의 펌프 앤 드랍(pump-and-dump) 스키마를 식별했습니다. 이 플랫폼은 50개 거래소, 20개 규제당국, 그리고 3,800명 이상 고객을 서비스하며 Nasdaq는 2025년 4분기부터 새로운 기능을 고객에게 제공할 계획입니다.
향상된 기능은 탐지, 분류/선별, 검토 및 규제 검토 전체에 AI를 추가하고, Nasdaq는 모델의 지속적 학습, 맞춤형 다중 에이전트 행동, 그리고 더 넓은 반금융범죄 도구와의 통합을 강조합니다.
Nasdaq (NDAQ) a annoncé des améliorations basées sur l'IA de sa plateforme de surveillance du marché après un pilote de huit mois avec l'Autorité des marchés financiers d'Arabie Saoudite qui a identifié 80% des schémas pump-and-dump dans un échantillon historique par rapport aux méthodes traditionnelles. La plateforme dessert 50 bourses, 20 régulateurs et plus de 3 800 clients, et Nasdaq prévoit d'offrir les nouvelles capacités à ses clients à partir du Q4 2025.
Les améliorations intègrent l'IA dans la détection, le triage, l'examen et la revue réglementaire, et Nasdaq met en avant l'apprentissage continu des modèles, des comportements multi-agents personnalisés et l'intégration avec ses outils plus vastes de lutte contre la criminalité financière.
Nasdaq (NDAQ) kündigte KI-Verbesserungen für seine Marktüberwachungsplattform nach einem achtmonatigen Pilotprojekt mit der Capital Markets Authority of Saudi Arabia an, das 80% der Pump-and-Dump-Schemata in einem historischen Stichprobenumfang gegenüber herkömmlichen Methoden identifiziert hat. Die Plattform bedient 50 Börsen, 20 Aufsichtsbehörden und über 3.800 Kunden, und Nasdaq plant, die neuen Funktionen ab dem Q4 2025 Kunden anzubieten.
Die Verbesserungen fügen KI in Erkennung, Triagierung, Prüfung und regulatorische Prüfung hinzu, und Nasdaq hebt kontinuierliches Modelllernen, maßgeschneiderte Multi-Agenten-Verhalten und die Integration mit seinen breiteren Anti-Finanzkriminalitäts-Tools hervor.
نازداك (NDAQ) أعلن عن تحسينات مدعومة بالذكاء الاصطناعي لمنصة مراقبة السوق لديه بعد تجربة تجريبية مدتها ثمانية أشهر مع هيئة السوق الماليّة السعودية التي حددت 80% من مخططات pump-and-dump في عينة تاريخية مقارنةً بالطرق التقليدية. المنصة تخدم 50 بورصة، 20 جهة تنظيمية وأكثر من 3,800 عميل، وتخطط نازداك لتقديم القدرات الجديدة للعملاء بدءاً من الربع الرابع 2025.
الإضافات تضيف الذكاء الاصطناعي عبر الكشف، والفرز، والفحص، والمراجعة التنظيمية، وتبرز نازداك التعلم المستمر للنماذج، والسلوكيات متعددة العوامل المخصصة، والتكامل مع أدواتها الأوسع لمكافحة الجرائم المالية.
纳斯达克（NDAQ） 在与沙特阿拉伯资本市场管理局进行了为期八个月的试点后，宣布对其市场监控平台的AI增强，该试验在历史样本中相较传统方法识别了80%的打压式股价操纵。该平台为50家交易所、20家监管机构以及超过3,800名客户提供服务，纳斯达克计划从2025年第四季度开始向客户提供新能力。
这些增强在检测、分流、审查和监管审查等方面引入AI，纳斯达克强调模型的持续学习、定制化的多代理行为，以及与其更广泛的反金融犯罪工具的整合。
- Pilot detection rate of 80% for pump-and-dump schemes
- Planned customer rollout beginning Q4 2025
- Platform already used by 50 exchanges and 20 regulators
- Installed client base of 3,800+ financial services customers
- Pilot result derived from a historical sample set, not a live multi-jurisdictional real-time test
Insights
Nasdaq's AI-enhanced surveillance shows materially stronger detection in pilot and will roll out platform-wide starting
Nasdaq embeds multilayered AI across the investigation lifecycle to move from anomaly detection to enforcement, coupling machine learning models with broad industry data to reduce manual triage. The pilot with the Capital Markets Authority of Saudi Arabia reported a
Adoption depends on customer integration, model tuning to local market structure, and regulator acceptance; false-positive rates and data-sharing constraints remain key risks. Watch rollout timing and uptake in the customer base beginning in
Capital Markets Authority of Saudi Arabia achieved
NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today unveiled a series of enhancements to its market surveillance platform, having completed a pilot which successfully embedded advanced AI functionality at every stage of a market abuse investigation. The platform is used by financial institutions globally, including 50 exchanges and 20 international regulators, providing advanced capabilities to investigate suspicious activity from anomaly detection through to regulatory enforcement.
“Manipulative actors are increasingly coordinating sophisticated schemes through indirect relationships that evade traditional detection methods, demanding equally sophisticated tools that can unmask hidden connections and advance at a faster rate than the threats we face,” said Edward Probst, Head of Regulatory Technology at Nasdaq. “As more marketplaces and participants adopt the added functionality, Nasdaq is uniquely positioned to draw on the collective strength of our client community to uphold the integrity of global capital markets.”
As market manipulation schemes have grown increasingly sophisticated across jurisdictions, traditional detection methods, which rely on manual processes, have become increasingly ineffective and labor-intensive. Nasdaq’s new AI detection capabilities leverage extensive industry and internal data sets to provide comprehensive activity assessments and predictive analytics to improve detection and reduce false positives. This allows market operators and participants to identify high-risk activity and instruments more effectively.
The added capabilities build on existing AI functionality integrated to the platform, which streamlines the triage and examination process involved in reviewing suspected abuse. Together, these capabilities can also be used by global regulators to accelerate enforcement of suspected market abuse. Nasdaq intends to offer these enhancements to all market surveillance platform customers, starting in Q4 2025.
Transforming market abuse detection, analysis, and regulatory review
Through a strategic partnership with the Capital Markets Authority of Saudi Arabia, the pilot AI-powered anomaly detection tooling was used to identify periods of unusual activity associated with a pre-defined set of behaviors. The pilot identified
“We welcome the opportunity to partner with Nasdaq and demonstrate our relentless commitment to maintaining the trust and integrity of Saudi Arabia’s capital market,” said Saeed Ali Juraybi, Director of Market Surveillance and Analysis for the Capital Markets Authority of Saudi Arabia. “The dramatic improvement in detection accuracy we experienced during the pilot period validates the transformative potential of these AI capabilities. Global capital markets face increasingly sophisticated threats that operate across borders, and this technology represents a quantum leap in our ability to identify and combat market manipulation. By working together as an industry to develop and enhance innovative new capabilities, we can stay ahead of the threats we face.”
Nasdaq’s surveillance technology serves the world’s most comprehensive range of asset classes and market structures globally, connecting to extensive data sets through both the lifecycle of a trade and subsequent review processes.
“Each market segment benefits from tailored multi-agent behaviors that can be adapted to specific trading patterns and regulatory requirements,” said Tony Sio, Head of Regulatory Strategy and Innovation at Nasdaq. “The platform’s machine learning models continuously improve and respond to new market conditions and manipulation patterns. This means market operators and regulators have access to a dynamic defense system that stays ahead of sophisticated market abuse schemes.”
As part of Nasdaq’s broader commitment to fighting financial crime, Nasdaq Verafin recently announced an Agentic AI Workforce, a suite of digital workers designed to transform the efficiency and effectiveness of financial institutions’ anti-money laundering programs.
Around the world, Nasdaq’s technology is used by
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
About Saudi CMA
The CMA’s functions are to regulate and develop the Saudi Arabian Capital Market by issuing required rules and regulations for implementing the provisions of Capital Market Law. The basic objectives are to create an appropriate investment environment, boost confidence, and reinforce transparency and disclosure standards in all listed companies, and moreover to protect the investors and dealers from illegal acts in the market. For more information, please visit https://cma.gov.sa/en/Pages/default.aspx
Nasdaq Contacts:
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
-NDAQG-
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “intends,” “enables,” and “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the availability, features, benefits and capabilities of Nasdaq’s Agentic AI surveillance enhancements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
FAQ
What did Nasdaq (NDAQ) announce about AI in its market surveillance platform on October 16, 2025?
When will Nasdaq (NDAQ) make the new surveillance AI capabilities available to customers?
How effective was Nasdaq's pilot with the Capital Markets Authority of Saudi Arabia for NDAQ's surveillance AI?
Which types of organizations currently use Nasdaq's surveillance platform (NDAQ)?
Does Nasdaq (NDAQ) claim its surveillance models improve over time?
