Nasdaq Sets Its Sights on Combating Financial Crime with AI Technologies
In Brief
By integrating AI technology, Nasdaq has fortified its anti-crime initiatives to better anticipate illicit activities and eliminate harmful participants within the financial sector.
American stock exchange Nasdaq By integrating artificial intelligence (AI) into its operations, Nasdaq is enhancing its crime-fighting tools. This technology can foresee and expedite the detection of unlawful activities, aiding in the elimination of negative influences from the industry.
Nasdaq is proactively backing cutting-edge technology aimed at curbing financial crimes, addressing a rising necessity to intercept sophisticated malicious agents within the financial landscape. The company is partnering with banks, fellow exchanges, and brokerage firms, equipping them with the essential software to effectively tackle potential threats and bolster security measures.
Adena Friedman, Nasdaq’s CEO, emphasized that the company is significantly investing in this endeavor, emphasizing a strong commitment to adopting advanced solutions. 'We're pouring considerable resources into this technology,' she remarked. AI Forging a Path for a Safer Market Environment in 2024
In collaboration with various exchanges, Nasdaq has filed for the authorization to list a
spot Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). recently approved Once the SEC grants approval, these highly anticipated products are slated to launch on U.S. markets operated by the NYSE, Cboe Global Markets, and Nasdaq. The substantial liquidity provided by key trading firms is expected to drive this launch.
These offerings will allow virtually every retail investor to gain exposure to the price of
via their standard brokerage applications and accounts. Moreover, they will create opportunities for traditional financial institutions to invest without needing to engage with Bitcoin Friedman pointed out that this initiative enhances accessibility to this asset class, expressing hope that investors will be more inclined to invest additional capital this year. cryptocurrency exchanges .
Considering the broader capital markets landscape, Friedman anticipates a more vibrant atmosphere for initial public offerings (IPOs) in 2024, balancing caution with optimism. Interestingly, despite a year marked by limited deal-making, Nasdaq surpassed the New York Stock Exchange in terms of new listings.
The integration of AI is expected to create a more streamlined trading process, protecting customers and industry participants from potential financial misconduct while ensuring a secure and efficient market ecosystem, particularly as the landscape for transactions becomes more dynamic in 2024.
Securities and Exchange Commission
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