Finra to Expand Use of Machine Learning for Market Surveillance

The regulator already uses machine learning to identify spoofing and layering activities.

The Financial Industry Regulatory Authority (Finra) is in the process of expanding its use of machine learning for market surveillance as it continues to refine its algorithms to trace manipulation.

Steve Randich, chief information officer at Finra, tells WatersTechnology that the regulator plans to increase the use of AI for surveillance to handle easier-to-detect instances of fraud, thus freeing up human surveillance professionals to focus on more complex instances.

“We have used machine

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