Every day, FINRA monitors nearly 6 billion shares traded in U.S.-listed equities markets, using technology powerful enough to detect potential abuses. Applying a variety of data-gathering techniques, we work to uncover insider trading and any strategies firms or individuals use to gain an unfair advantage.
FINRA’s technology is vital to protecting investors—and has become a key component of our ability to:
We invest in innovative technology—like cloud computing—in order to build sophisticated surveillance systems, process extraordinary amounts of data, and work with cutting-edge applications, programs and hardware.
FINRA uses cloud computing and leverages data technology to process our ever-increasing volume of data. This unique picture allows FINRA to protect investors from abuse and manipulation by wrong-doers.
Every day FINRA processes 14 – 20 billion transactions. We use innovative technology, such as parallel computing hardware to process our ever-increasing data volume and cloud computing to automate the process and store the massive amounts of data.
The combination of cloud computing and big data software allows us to shift our computing power between FINRA’s applications so that we can quickly respond to changing regulatory demands in a cost-effective way.
FINRA uses its technology to look at nearly 90 percent of trading in U.S. equities markets. We run hundreds of surveillance algorithms and patterns against massive amounts of trade data to detect market manipulation, insider trading and compliance breeches.
We operate several information systems that range from large, structured databases to unstructured content repositories. We combine search engine and analytics technology to make sure all of the data we collect from firms and exchanges is accessible with one search or surveillance query.
FINRA oversees and regulates over-the-counter (OTC) trading of exchange-listed and non-exchange-listed securities for compliance with FINRA rules and the federal securities laws FINRA provides regulatory services by contract to NYSE, NYSE MKT, NYSE Arca, NASDAQ, NASDAQ Options Market, NASDAQ OMX PHLX, NASDAQ OMX BX, ISE, the Boston Options Exchange (BOX), the EDGA and EDGX Exchanges and Direct Edge®. FINRA has surveillance oversight of more than 90 percent of the listed equities market.
We spent the last few years modernizing the technology of our examination platform. We've transformed the approach and procedures we use to conduct a more risk-based approach to oversight exams of firms.
The redesigned system allows FINRA staff to analyze a wide range of data and gives firms tools to submit information to us electronically. This approach allows FINRA to efficiently and effectively monitor and examine more than 4,100 securities firms and over 635,000 brokers.
FINRA applies its expertise and technology to provide database and registration systems for the financial services industry regulatory services:
FINRA is an active participant in contributing software to the open-source community—and we encourage employee participation. Our current open-source projects include: