Moomoo deploys Nasdaq’s Trade Surveillance solution in Singapore
“The advanced surveillance capabilities provided by this system will help enable us to proactively monitor trading activities, detect irregularities, and swiftly address any potential market misconduct. As a leading digital investment platform and the most downloaded brokerage app in Singapore, we will continue to reinforce our position and take charge to protect investors’ interest.”
Moomoo Singapore has announced a strategic collaboration with Nasdaq to deploy its Trade Surveillance technology. This partnership aims to enhance market surveillance and ensure a secure trading environment for retail investors.
The brokerage firm will integrate Nasdaq’s Trade Surveillance technology to augment its existing surveillance and risk management frameworks. This technology will facilitate real-time monitoring of trading activities to identify irregularities and potential market misconduct.
Trade Surveillance to monitor trading, detect irregularities, and address potential misconduct
Gavin Chia, CEO of Moomoo Singapore, stated, “With the implementation of Nasdaq Trade Surveillance, we are reinforcing our commitment to maintaining a fair, transparent, and secure trading environment for our valued users. The advanced surveillance capabilities provided by this system will help enable us to proactively monitor trading activities, detect irregularities, and swiftly address any potential market misconduct. As a leading digital investment platform and the most downloaded brokerage app in Singapore, we will continue to reinforce our position and take charge to protect investors’ interest.”
Nasdaq Trade Surveillance boasts three decades of experience in offering cutting-edge technology designed for the detection of market abuse. Employed by regulators, international exchanges, and global banks, this system offers more than 200 tailored alerts for detecting abnormal trading behavior.
Valerie Bannert-Thurner, SVP, Anti-Financial Crime Technology at Nasdaq, expressed her enthusiasm, stating, “We are thrilled to welcome Moomoo Singapore to Nasdaq’s surveillance community. As the market landscape continues to evolve, digital brokerages like Moomoo are at the forefront of servicing retail investors who are more active than ever before. The need for comprehensive surveillance technology is essential to maintain fair and orderly market participation and protect investors from market abuse.”
The deployment of Nasdaq’s technology is in line with Moomoo Singapore’s ongoing efforts to fortify its risk management framework. This initiative will complement existing measures, thereby enabling the brokerage to take proactive steps to enhance transparency and security on its platform.
Moomoo Singapore is a capital markets services license holder regulated by the Monetary Authority of Singapore and was the first digital brokerage to receive all five memberships from the SGX Group. The company offers a digitalized brokerage and wealth management platform, providing a range of features, including market data, news, and powerful analytical tools. It also includes social media tools to foster connectivity among users, investors, companies, analysts, and media.
