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Thursday, October 13, 2011

Equity Trader Alert #2011 - 49
NASDAQ OMX Introduces QView for Tracking Subscriber Order Flow

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What you need to know:

  • Pending filing with the Securities and Exchange Commission (SEC), NASDAQ OMX® plans to introduce QView — a web-based tool designed to give customers the ability to track their firm's order flow on The NASDAQ Stock Market® (NASDAQ®).
  • NASDAQ OMX QView is scheduled to launch in the fourth quarter of 2011, date TBD.
  • NASDAQ OMX will offer a street wide demo on Tuesday, October 25th at 10:00 a.m., Eastern Time (ET). To register please email kristen.pross@nasdaqomx.com. Upon receipt of your registration, you will receive phone and WebEx details.

What has been announced?

Pending filing with the SEC, in the fourth quarter of 2011, date TBD, NASDAQ OMX plans to launch QView — a web-based tool designed to give customers the ability to track their firm's order flow on NASDAQ.

What is QView?

Using QView, subscribers can track all of their trading activity on NASDAQ through detailed order and execution summaries available real-time or as historical reports.

Users will be able to track executions and open orders in real-time using the QView dashboard. Activity can be viewed as an overall summary with all totals displayed by quantity, volume or dollar value. QView also enables users to filter down to specific details to help track firm activity and predict pricing tier eligibility.

What details will I be able to track with QView?

Upon launch, QView will provide the following details:

Execution Details Open Order Details
  • Session
  • MPID
  • Tape (A, B or C)
  • Liquidity code
  • Symbol
  • Session
  • MPID
  • Tape (A, B or C)
  • Time-In-Force (TIF)
  • Order Type/Routing Strategy
  • Symbol

Are any enhancements planned?

For future enhancements, we plan to include:

  • Analytics
  • Order cancel ratios
  • Order fill ratios
  • Analysis by order type/routing strategy
  • Rankings by volume
  • View of orders and executions from NASDAQ Opening and Closing Crosses
  • Summary of routed activity

Will NASDAQ OMX offer a demo of the product?

NASDAQ OMX will offer a street wide demo on Tuesday, October 25th at 10:00 a.m., ET. To register, please email kristen.pross@nasdaqomx.com. Upon receipt of your registration, you will receive phone and WebEx details.

Where can I find more information?

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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