Nasdaq Education Services

This course introduces Risk Coverage in Nasdaq Trade Surveillance (NTS) and explains how market‑abuse risks are organized and monitored. It is designed for analysts, reviewers, and compliance professionals who need a practical understanding of how NTS links risks to alert scenarios used to detect real‑world misconduct. 

You will explore key risk categories such as Order‑Book Manipulation, Price Manipulation, Insider Trading, Misconduct, Publication Integrity, and Exchange Regulation. The course also explains multi‑coverage logic, showing how a single trading behavior can trigger multiple risk categories and why this is important for regulatory coverage and audit readiness. 

By the end of the course, you will understand how Risk Coverage in NTS supports effective surveillance, improves investigation and calibration decisions, and helps build a clear, regulator‑aligned surveillance framework.

What you'll learn

• Risk Coverage Understanding - Gain a clear understanding of how NTS organizes market‑abuse risks, helping you navigate alerts with confidence and improve investigation workflows.
• Defensible Investigation - Learn how real behaviors map to multiple risk categories, giving you stronger, audit‑ready explanations and a more defensible surveillance narrative.
• Stronger Calibration -  Discover how Risk Coverage enhances calibration, reduces noise, and strengthens overall surveillance effectiveness across the NTS Workbench.