Doha: Qatar Financial Markets Authority (QFMA) has announced the adoption and launch of a new trading surveillance system over the financial market, which aims to enhance the efficiency of surveillance operations, protect market dealers and ensure the application of the highest standards of transparency and integrity.

The announcement came on the sidelines of the QFMA's participation in Nasdaq Surveillance Conference which held in Toronto, Canada with an official delegation headed by Chief Executive Officer of QFMA HE Dr. Tamy Bin Ahmad Al Binali.

QFMA explained that the new trading surveillance system was implemented by Nasdaq, a global leader in financial technology solutions and market surveillance systems.

The new system will position QFMA alongside its global peers in the field of financial market surveillance. It will also enhance the QFMA's efforts to swiftly and smoothly detect any suspicious transactions or unusual transactions. Furthermore, parts of the new system have been developed using artificial intelligence-based software, making QFMA one of the first financial market regulators to use artificial intelligence in trading surveillance operations, thus increasing investor confidence in the Qatari financial market.

The adoption and launch of this system are part of QFMA's strategy initiatives to develop the technical and regulatory infrastructure in financial markets, in line with global developments in the industry, and support the goals of building a developed and secure financial market in the State of Qatar.

Nasdaq Surveillance Conference is a leading global forum for market surveillance professionals. This conference brings together senior executives, regulators, and industry experts to discuss emerging trends, regulatory challenges, and the latest technological advancements in the industry.

The conference agenda includes interactive discussions featuring global experts from various countries, working sessions, and case studies, during which participants exchanged experiences that can contribute to strategic decision-making in the financial sector.

Key themes discussed at the conference include "Surveillance at the speed of Change", "Global Regulatory Outlook", "surveillance Lessons from Market Volatility events", "Deep Dives: Real Challenges, Real Solutions", "The AI Tipping Point in Surveillance", and "Future Casting: Surveillance by Design in 2030".

In addition to the formal program, the conference features curated networking events designed to foster collaboration among peers, enable participants to build strategic partnerships and share best practices and experiences in the financial sector.

The QFMA's participation in the conference provides a favorable opportunity to strengthen its global connections and enhance its regulatory strategies under which it operates. This will position it at the forefront of regulatory excellence and enhance its efforts in shaping a robust market infrastructure and staying ahead in a rapidly evolving regulatory landscape.

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