NASDAQ Market Analytix


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NASDAQ Market Analytix (NASDAQ MAX), a package of four real-time or near-real-time data products, provides a new level of transparency to trading activity in NASDAQ.

NASDAQ MAX Benefits

Draw your focus to the stocks with the best trading opportunities
See order information not visible in any other data product
Access valuable measures of your broker’s execution quality

Product Features

NASDAQ Market Velocity Detect potential surges in trading interest and liquidity	NASDAQ Market Velocity, a real-time data product, indicates the level of pre-trade interest and market activity in NASDAQ stocks by measuring the frequency and share volume in aggressively priced orders. NASDAQ Market Velocity can indicate changes in market direction, momentum and liquidity. Distributed via the NASDAQ MAX data feed.
NASDAQ Market Forces Identify a possible change in a security’s movement or direction	The real-time NASDAQ Market Forces uses the same order frequency and share volume information as NASDAQ Market Velocity but categorizes the orders by whether they are buy orders or sell orders. NASDAQ Market Forces provides an indication of market direction and is expressed as a number of shares or a percentage of shares in buy versus sell orders. Distributed via the NASDAQ MAX data feed.
NASDAQ Competitive VWAP Benchmark Benchmark the price obtained for a large trade	NASDAQ Competitive VWAP (CVWAP) Benchmark is a complement to the Volume Weighted Average Price (VWAP), a benchmark often used by institutional investors to determine whether they received a good price for a large transaction. NASDAQ CVWAP Benchmark provides the best and worst average price performances by the market makers trading on the NASDAQ Market Center. Distributed as a custom query-response system.

NASDAQ Competitive VWAP Leaders Recognize which brokers have the most experience trading a particular stock	NASDAQ Competitive VWAP Leaders is a periodic market maker leader board that enables institutional investors to identify which firms have the most experience trading a particular stock or type of stock. Unlike ordinary leader boards that rank market makers by traded volume alone, NASDAQ CVWAP Leaders ranks them in order of share volume weighted by execution quality. Distributed daily via secure FTP.

MAX in the News

NASDAQ’s Live Floor Show — Barron’s (June 5, 2006)

Product Files

Pricing

$1/month for non-professionals
$10/month for professionals

For a full list of NASDAQ market data distributor fees, visit the NASDAQ Data Products Pricing page .

Access Options

Request NASDAQ MAX from your market data distributor or NASDAQ Data Products Account Manager. Or, contact NASDAQ Market Data Distribution at 301.978.5307.

And, as recent graduates of NASDAQ’s testing ground, the Experimental Market Information (EMI) website, the NASDAQ MAX products can still be sampled on the EMI website .

Agreements

New NASDAQ Data Distributor:
- NASDAQ MAX Subscription Package #1 which includes the Order Form;
- Web Access Amendment to the NASDAQ Distributor or the NASDAQ Data Feed Subscriber Agreement; and
- NASDAQ Distributor Agreement (for external distribution) or the NASDAQ Data Feed Subscriber Agreement (for internal distribution).
Existing NASDAQ Data Distributor not currently accessing any Web-Based Data Product or NASDAQ data via a secure file transfer protocol:
- NASDAQ MAX Subscription Package #2 which includes the Order Form;
- Web Access Amendment to the NASDAQ Distributor or the NASDAQ Data Feed Subscriber Agreement; and
- NASDAQ Distributor Agreement (only if your organization is currently authorized for internal distribution only and plans to externally distribute the Web-Based Data.
Existing NASDAQ Data Distributor currently accessing a Web-Based Data Product or NASDAQ data via a secure file transfer protocol:
- NASDAQ MAX Subscription Package #3 which includes the Order Form; and
- NASDAQ Distributor Agreement (only if your organization is currently authorized for internal distribution only and plans to externally distribute the Web-Based Data.

Contact Information

For questions regarding the NASDAQ MAX data, specifications or agreements, please contact:

NASDAQ Market Data Distribution