The NASD Regulation Advanced‐Detection System (ads)

The National Association of Securities Dealers, Inc., regulation advanced‐detection system (ads) monitors trades and quotations in The Nasdaq Stock Market to identify patterns and practices of behavior of potential regulatory interest. ads has been in operational use at NASD Regulation since the sum...

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Bibliographic Details
Published in:The AI magazine 1999-04, Vol.20 (1), p.55-67
Main Authors: Kirkland, J. Dale, Senator, Ted E., Hayden, James J., Dybala, Tomasz, Goldberg, Henry G., Shyr, Ping
Format: Article
Language:English
Subjects:
Artificial intelligence
Computer applications
Data warehouses
Evaluation
Knowledge management
Metadata
Over the counter trading
Pattern recognition
Regulation
Securities industry
Securities markets
Stock exchanges
Stock-exchange
Surveillance
User interface
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Summary:The National Association of Securities Dealers, Inc., regulation advanced‐detection system (ads) monitors trades and quotations in The Nasdaq Stock Market to identify patterns and practices of behavior of potential regulatory interest. ads has been in operational use at NASD Regulation since the summer of 1997 by several groups of analysts, processing approximately 2 million transactions a day, generating over 10,000 breaks. More important, it has greatly expanded surveillance coverage to new areas of the market and to many new types of behavior of regulatory concern. ads combines detection and discovery components in a single system that supports multiple regulatory domains and shares the same market data. ads makes use of a variety of AI techniques, including visualization, pattern recognition, and data mining, in support of the activities of regulatory analysis, alert and pattern detection, and knowledge discovery.
ISSN:0738-4602
2371-9621
DOI:10.1609/aimag.v20i1.1440