Sporttrade Leverages Nasdaq Tech for Market Surveillance

A sports wagering and trading platform, Sporttrade, will employ Nasdaq technology to pinpoint atypical activity on its forthcoming platform.

Sporttrade has teamed up with Nasdaq to guarantee the honesty of its native trading application when it debuts in New Jersey at the close of 2021. Sporttrade’s open trading marketplace will permit participants to trade sports events akin to stocks, and they will be able to enter and exit wagers at any moment.

Sporttrade asserts that by utilizing Nasdaq’s SaaS deployment market surveillance technology, it will be capable of monitoring trading patterns and safeguarding its user base by recognizing unusual and abnormal trading conduct. Through interactive visualizations, intricate data can be condensed into a snapshot, providing a comprehensive view of the order book, enabling Sporttrade to collaborate with regulators transparently and consistently.

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