--- title: Nasdaq Trade Surveillance (SMARTS) Reviews meta_title: 'Nasdaq Trade Surveillance (SMARTS) Reviews 2026: Details, Pricing, & Features | G2' meta_description: Filter reviews by the users' company size, role or industry to find out how Nasdaq Trade Surveillance (SMARTS) works for a business like yours. aggregate_rating: rating_value: 4.0 review_count: 2 scale: '5' date_modified: '2026-04-09' parent_category: name: Web Security url: https://www.g2.com/categories/web-security --- # Nasdaq Trade Surveillance (SMARTS) Reviews **Vendor:** Nasdaq **Category:** [Fraud Detection Software](https://www.g2.com/categories/fraud-detection) **Average Rating:** 4.0/5.0 **Total Reviews:** 2 ## About Nasdaq Trade Surveillance (SMARTS) 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 ## Nasdaq Trade Surveillance (SMARTS) Reviews ### 1. Preventing from fraud **Rating:** 4.0/5.0 stars **Reviewed by:** Anurag S. | Associate Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** September 10, 2022 **What do you like best about Nasdaq Trade Surveillance (SMARTS)?** Some fraudster can catch easily if they follow behavioral pattern or any manipulation in market or any trade ups and downs. Analytics is the best way to keep all records for future to check possibilities. **What do you dislike about Nasdaq Trade Surveillance (SMARTS)?** Marketing can be done in aggressive mode because most of the person doesn't know the analytics and how to use the software to capture report for any manipulation. **What problems is Nasdaq Trade Surveillance (SMARTS) solving and how is that benefiting you?** To solve historical data and sequential data in a row and perform alteryx method to find out workflow amongst fraudster and manipulation in market or any trade which is on demand ### 2. Built by those who know what’s needed **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Real Estate | Small-Business (50 or fewer emp.) **Reviewed Date:** May 14, 2019 **What do you like best about Nasdaq Trade Surveillance (SMARTS)?** The UX/UI of this system was well thought out and clearly by someone who knows what the industry is like and how we work. **What do you dislike about Nasdaq Trade Surveillance (SMARTS)?** Diving a little deeper into remote access and mobile access could be a great improvement for those that are constantly on the move or meeting with clients. **Recommendations to others considering Nasdaq Trade Surveillance (SMARTS):** Ensure your team takes the training seriously as we had some hurdles with those not willing to adapt right off the gate. **What problems is Nasdaq Trade Surveillance (SMARTS) solving and how is that benefiting you?** It is allowing us to visualize our data in real time, make decisions without the lag of switching between numerous systems and allows us to better inform our key stakeholders. ## Nasdaq Trade Surveillance (SMARTS) Discussions - [What is (SMARTS) Trade Surveillance used for?](https://www.g2.com/discussions/what-is-smarts-trade-surveillance-used-for) - [View Nasdaq Trade Surveillance (SMARTS) pricing details and edition comparison](https://www.g2.com/products/nasdaq-trade-surveillance-smarts/reviews?section=pricing&secure%5Bexpires_at%5D=2026-08-03+13%3A06%3A43+-0500&secure%5Bsession_id%5D=bc4e40e8-752f-4193-85ff-b91098a863e7&secure%5Btoken%5D=386695b3f0124159a8f1992543fdf3bc29188ea97e309954a963ad719c26b991&format=llm_user) ## Nasdaq Trade Surveillance (SMARTS) Features **Detection** - Payment Verification - Bot Mitigation - Real-Time Monitoring - Alerts **Analysis ** - ID Analytics - Intelligence Reporting - Incident Reports **Administration** - Fraud Markers - Transaction Scoring - Blacklisting **Agentic AI - Fraud Detection** - Cross-system Integration - Adaptive Learning - Decision Making ## Top Nasdaq Trade Surveillance (SMARTS) Alternatives - [Sift](https://www.g2.com/products/sift-s-ai-powered-fraud-decisioning-platform-sift/reviews) - 4.6/5.0 (601 reviews) - [Fingerprint](https://www.g2.com/products/fingerprintjs-fingerprint/reviews) - 4.7/5.0 (430 reviews) - [SEON](https://www.g2.com/products/seon/reviews) - 4.6/5.0 (382 reviews)