Nasdaq testing artificial intelligence systems to track rogue traders

Getty Images South Korean professional Go player Lee Se-Dol (R) puts his first stone against Google’s artificial intelligence program, AlphaGo. Nasdaq is trying to use artificial intelligence screening against rogue traders. Nasdaq Inc. is trying to identify would-be white-collar criminals by using artificial intelligence systems originally built to track terrorists and sex traffickers. The exchange is testing systems that analyze data about trading activity against what traders say on their corporate chat and email accounts, in an effort to spot potential insider trading, market manipulation and other crimes faster and more accurately than current surveillance systems can. Parsing the chatter of traders in the time before, during and after transactions — and matching those findings with trading data — provides “holistic surveillance,” said Bill Nosal, vice president of business development…

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