Solidus Labs Rivals Emerge in Trade Surveillance Space
Trade surveillance technology has become increasingly advanced in recent years, and several companies have emerged as alternatives to Solidus Labs. One such company is Nasdaq SMARTS, which offers a sophisticated surveillance platform that detects market abuse across multiple asset classes and venues.
Nasdaq SMARTS boasts exchange-grade accuracy and is trusted by global exchanges for precise detection. However, it may be too expensive for mid-size firms and has limited crypto focus.
Another competitor is NICE Actimize, which offers cross-asset surveillance solutions that include trade and communications surveillance, behavioral analysis, and market abuse detection.
Nice Actimize's solution is plug-and-play across various asset classes and trade venues, employing behavioral models and AI to preempt market abuse. However, it may have a high implementation cost and require long configuration cycles.