Overview

• The regulator said the Nasdaq platform will issue automated alerts and enable cross‑market analytics to help detect fraud, manipulation, and abuse.
• Acting Chair Caroline Pham cast the switch as replacing a 1990s-era system to make the CFTC a modern, technology-forward supervisor.
• Nasdaq describes the software as offering transaction-level analysis and real-time order book access and says it already serves more than 50 exchanges and about 20 international regulators.
• Coverage will include digital asset venues and event-based prediction markets that operate similarly to derivatives, according to the agency and Nasdaq.
• The rollout coincides with a new phase of the CFTC’s Crypto Sprint seeking public comment on leveraged, margined, or financed retail crypto trading, as lawmakers consider the CLARITY Act and a White House report urges stronger market data reporting.