“With the integration of NASDAQ Velocity and Forces into its platform, Trade Ideas has given its end-users a powerful tool that gives them increased insight and the ability to make better educated investment decisions." Brian Hyndman, SVP, NASDAQ OMX
Encinitas, CA (PRWEB) November 15, 2011
Trade Ideas LLC, a provider of real-time idea generation and market scanning technology, today announced NASDAQ Market Velocity and Forces® has been integrated into its market scanning platform, giving end-users the ability to measure levels of pre-trade order activity in the NASDAQ® trading system. As a result, Trade Ideas LLC end-users can receive trade ideas that gauge buy and sell interest in specific issues as well as compare expected order activity with the current activity before the actual trade occurs.
Velocity and Forces allows end-users to:
- Measure pre-trade order activity on NASDAQ-, NYSE- and AMEX-listed securities;*
- View the ratio of buy to sell orders in the market; and
- Determine the momentum of trading interest and the relative buy and sell pressure on the market versus a historical average.
“NASDAQ OMX is the world’s largest exchange company and one of the largest liquidity providers in all stocks listed on U.S. exchanges,” said David Aferiat, Managing Partner at Trade Ideas LLC. “This unique data stream helps professional and individual investors see a clearer picture of what is happening to any equity, exchange-traded fund or index that meets their definition of what’s interesting.”
Using Trade Ideas LLC’s data filtering and streaming alerts technology, NASDAQ Velocity and Forces delivers even more value at a lower cost to end-users. Brokerages who do not have the research and development budgets or time to create a sophisticated, industry-leading alert and filtering platform may now easily access the data via Trade Ideas’ software.
“This is the perfect combination of technology and delivery,” says Dan Mirkin, Senior Managing Partner at Trade Ideas LLC. “NASDAQ OMX’s market data allows us to tap into, filter, and give our customers a unique advantage in implementing successful trading strategies. The combination has the potential to become a must-have for every investor and trader.”
“NASDAQ Velocity and Forces work together to help market participants forecast market activity in all U.S. –listed securities,” said Brian Hyndman, Senior Vice President, NASDAQ OMX Global Data Products. “With the integration of NASDAQ Velocity and Forces into its platform, Trade Ideas has given its end-users a powerful tool that gives them increased insight and the ability to make better-educated investment decisions.”
For more information about Trade Ideas’ and NASDAQ Velocity and Forces, visit the Trade Ideas website.
*Data for NYSE- and AMEX-listed securities are limited to data derived from quoting and trading on the NASDAQ Market Center.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMXexchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Trade Ideas, LLC
As a pure pattern recognition tool, Trade-Ideas' focus is on providing next level analytics and decision support designed to generate alpha and optimally manage risk. Via Trade-Ideas clients customize an inventory of alerts and filters to produce a unique view of the markets: theirs.
Trade Ideas’ intense focus on statistical analysis of the markets activity earns praise from institutional partners as well as major online brokerages. Furthermore, because Trade Ideas' cloud-based applications seamlessly integrate with any firm’s existing trading, research platform, the entire solution utilizes minimal bandwidth and no client-side processing. As such it eliminates the need for company resources while benefiting from a continually innovating technology partner, thus significantly decreasing idea generation/scanning R&D and data management costs across an enterprise.
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