Founded by the Winklewoss brothers, Gemini exchange announced a partnership with Nasdaq, within which will use the latest SMARTS Market Surveillance technology to track trading manipulations.
According to the official message, this technology is considered the most widespread system of trade monitoring in the world, and thanks to it Gemini will be able to track all its trading pairs, including BTC / USD, ETH / USD and BTC / ETH.
In addition, SMARTS Market Surveillance will help Gemini monitor activity during daily bitcoin-closing auctions, which determine the price of Bitcoin XBT futures contracts traded on the Chicago stock exchange of Cboe derivatives.
Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which we believe betters our exchange and the cryptocurrency industry as a whole. Our deployment of Nasdaq's SMARTS Market Surveillance will help ensure that Gemini is a rules-based marketplace for all market participants.
It should be noted that Gemini was the first major representative of the bitcoin industry, which decided to use a specialized solution to monitor the behavior of participants and determine suspicious activity.