1. [Home](https://www.g2.com/) 2. ... 3. [Fraud Detection Software](https://www.g2.com/categories/fraud-detection) 4. [Nasdaq Trade Surveillance (SMARTS) Discussions](https://www.g2.com/products/nasdaq-trade-surveillance-smarts/discuss) [ ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/large_detail/large_detail_901e87e485f6c3aeb83647a1104b030b/nasdaq-trade-surveillance-smarts.png "Product Avatar Image") ](/products/nasdaq-trade-surveillance-smarts/reviews) [ Nasdaq Trade Surveillance (SMARTS) ](/products/nasdaq-trade-surveillance-smarts/reviews) (2)4.0/5 Nasdaq Trade Surveillance (SMARTS) is a comprehensive market surveillance platform that detects manipulation, prevents financial crime, and ensures market integrity across 200+ global venues. The platform delivers cross-market and cross-product detection capabilities that mirror how traders operate, identifying sophisticated abuse patterns that span multiple exchanges, asset classes, and related instruments. Built on analytics that prioritize market impact over isolated behavior, NTS transforms raw market data into actionable intelligence. The platform covers 200+ out-of-the-box scenarios across all major asset classes, with advanced investigation tools that provide context-rich, regulator-ready evidence in a single workspace. Product Capabilities - Cross-Market & Cross-Product Detection: Simultaneous analysis across multiple exchanges and related instruments to detect liquidity shifting, venue arbitrage, and coordinated manipulation strategies - Signal-Based Analytics: Context-driven intelligence assessing market effect—not just entity behavior—with features like Volume Dominance, Price Dominance, and Entity Aggressiveness - Comprehensive Asset Class Coverage: Equities, futures and options, fixed income, FX, interest rate swaps, credit default swaps, commodities, energy, crypto, and digital assets - 200+ Detection Scenarios: Out-of-the-box coverage for front running, price manipulation, marking the close, spoofing, layering, insider trading, wash trades, and best execution - Investigation Workbench: Spread view, order book replay, and entity view capabilities consolidating alert data, context, and evidence into a single workspace - Program Management: Alert queueing, assignment, escalation workflows, disposition tracking, and regulator-ready reporting with full audit trails - Nasdaq-Maintained Analytics: Continuously evolved by Nasdaq experts to align with emerging risks and regulatory expectations—no client-side model maintenance required Show More * * * ### 0.0 Nps Score Already have Nasdaq Trade Surveillance (SMARTS)? ### All Nasdaq Trade Surveillance (SMARTS) Discussions Search Most CommentedMost HelpfulPinned by G2Newest All DiscussionsDiscussions with CommentsPinned by G2Discussions without Comments FilterFilter Filter byExpand/Collapse Sort by Most Commented Most Helpful Pinned by G2 Newest Filter by All Discussions Discussions with Comments Pinned by G2 Discussions without Comments ![Pinned by G2 as a common question](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Pinned by G2 as a common question") G2 Pinned by G2 as a common question • almost 3 years ago More Options - [ # What is (SMARTS) Trade Surveillance used for? ](/discussions/what-is-smarts-trade-surveillance-used-for) What is (SMARTS) Trade Surveillance used for? [ Other Finance & Admin. Software ](https://www.g2.com/tags/other-finance-amp-admin-software) * * * \<0\>0\>Upvotes * * * 0 Comments [![linkedin](/assets/social-logos/linkedin-afe65e46604a5bd5105ab9c856116204040b6b3f2b2d42562fc8071ca0c48ca0.svg "linkedin")](https://www.linkedin.com/shareArticle?mini=true&summary=Ask+Nasdaq+Trade+Surveillance+%28SMARTS%29+questions+and+get+answers+from+expert+users+in+our+Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+section.&title=Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+%7C+G2&url=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss) [![twitter](/assets/social-logos/twitter-61aaec80434c71387b8f7326e480592eae71c0a65afd051d66fce9b75a9bf417.svg "twitter")](https://twitter.com/intent/tweet?text=Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+%7C+G2&url=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss&via=G2dotcom) [![facebook](/assets/social-logos/facebook-350d0b410d6b10debcf893050e803a8633d53561aa42807b087b8daf9be3668f.svg "facebook")](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss) [![gmail](/assets/social-logos/gmail-6db42f21e7c254fae201b112bef0dd15d25223a5cbb32691ce80eab43761eadf.svg "gmail")](https://mail.google.com/mail/?view=cm&fs=1&tf=1&to=&su=Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+%7C+G2&body=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss%0aAsk+Nasdaq+Trade+Surveillance+%28SMARTS%29+questions+and+get+answers+from+expert+users+in+our+Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+section.) [![mail](/assets/social-logos/mail-d55c53b04bf49872e40cd2443b85a99caa23394e6cf154ae32a9d08377c15d86.svg "mail")](mailto:?subject=Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+%7C+G2&body=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss%0aAsk+Nasdaq+Trade+Surveillance+%28SMARTS%29+questions+and+get+answers+from+expert+users+in+our+Nasdaq+Trade+Surveillance+%28SMARTS%29+Discussions+section.) ![copy_link](/assets/social-logos/copy_link-05d8dc5dc8576fc78425ad34d07241b060878835e555a30417ff41c18335e575.svg "copy\_link") ## Start a New Software Discussion Have a software question? Get answers from real users and experts [Start A Discussion](/products/nasdaq-trade-surveillance-smarts/discussions/new) * * * ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/thumb_square/thumb_square_901e87e485f6c3aeb83647a1104b030b/nasdaq-trade-surveillance-smarts.png "Product Avatar Image") ### Have you used Nasdaq Trade Surveillance (SMARTS) before? Answer a few questions to help the Nasdaq Trade Surveillance (SMARTS) community [ Yes ](javascript:void(0))[ Yes ](https://www.g2.com/authorize?form=signup&return_to=https%3A%2F%2Fwww.g2.com%2Fproducts%2Fnasdaq-smarts-trade-surveillance%2Fdiscuss%3Fsmall_ask%3Dnasdaq-trade-surveillance-smarts) No