Market Surveillance: Moving Beyond the Alert
Quick: What happens after you get an alert about a potential problem from your market surveillance system? According to Bill Nosal, head of strategic product management, SMARTS, Nasdaq OMX, firms should immediately investigate, reviewing the underlying data and any communications associated with the trade. But that clearly is a labor-intensive undertaking. Nosal and TABB Group partner Alex Tabb discuss how emerging forensic technologies can search all forms of communication to identify relevant data, map pertinent relationships, and streamline the investigation process.