Waters Rankings 2018: Best Market Surveillance Provider—Nasdaq

Since 2012, when this category was introduced to the Waters Rankings, it has only had one winner—Nasdaq, with its market-leading Smarts surveillance platform. In use at 50 exchanges and marketplaces, 17 regulators and over 150 market participants, Smarts is easily one of the more dominant and technologically advanced software packages in the market at present, and it’s continued to expand this year.

Much of the focus, for Smarts, has been around behavior in varying facets. Some of this is due