Overview

• The agency said the Nasdaq platform replaces a 1990s-era system and introduces automated alerts, transaction-level analysis, and real-time order book visibility.
• Acting Chair Caroline D. Pham framed the move as a core step in the CFTC’s push to become a 21st‑century regulator across derivatives, digital assets, and event contracts.
• Nasdaq’s technology, already used by more than 50 exchanges and roughly 20 international regulators, is designed to scale during volatility and support 24/7 market monitoring.
• The deployment aligns with the CFTC’s ongoing Crypto Sprint to operationalize White House recommendations, including anticipated market‑data reporting obligations for non‑security digital asset venues.
• Coverage notes growing policy activity that could shape oversight boundaries, with the House-passed CLARITY Act under debate and parallel initiatives progressing at other financial regulators.