Nasdaq Joins the Party for Investing in Intelligence
April 6, 2016
The financial sector is hungry for intelligence to help curb abuses in capital markets, judging by recent actions of Goldman Sachs and Credit Suisse. Nasdaq invests in ‘cognitive’ technology, from BA wire, announces their investment in Digital Reasoning. Nasdaq plans to connect Digital Reasoning algorithms with Nasdaq’s technology which surveils trade data. The article explains the benefits of joining these two products,
“The two companies want to pair Digital Reasoning software of unstructured data such as voicemail, email, chats and social media, with Nasdaq’s Smarts business, which is one of the foremost software for monitoring trading on global markets. It is used by more than 40 markets and 12 regulators. Combining the two products is designed to assess the context, content and relationships behind trading and spot signals that could indicate insider trading, market manipulation or even expenses rules violations.”
We have followed Digital Reasoning, and other intel vendors like them, for quite some time as they target sectors ranging from healthcare to law to military. This is just a case of another software intelligence vendor making the shift to the financial sector. Following the money appears to be the name of the game.
Megan Feil, April 6, 2016