Definition ∞ Exchange surveillance agreements are formal arrangements between trading venues to share information and monitor market activity. These agreements are designed to detect and prevent market manipulation, fraud, and other illicit trading practices across different platforms. They enhance regulatory oversight by providing a comprehensive view of trading behavior. Such collaborations are vital for maintaining fair and orderly markets and protecting investors.
Context ∞ Exchange surveillance agreements are a critical component of regulatory efforts to bring transparency and integrity to digital asset markets. The establishment of robust surveillance mechanisms is often a prerequisite for the approval of new crypto investment products. Discussions in news often highlight the challenges of implementing effective cross-market surveillance in a fragmented global digital asset landscape.