10:55 AM EDT, 05/15/2024 (MT Newswires) -- Nasdaq (NDAQ) said Wednesday that it will integrate generative artificial intelligence into its market surveillance technology to improve the quality, speed and efficiency of market abuse investigations performed by its clients.

The exchange operator said it plans to use the generative AI-powered functionality for its US equity market surveillance.

Nasdaq said that during proof-of-concept testing, surveillance analysts estimated that investigation time was cut by 33%, with improved overall outcomes.

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