New
York: The
Nasdaq Stock Market (www.nasdaq.com)
has announced that the Securities and Exchange Commission
(SEC) on 16 January 2002 approved a rule filing to enable
Nasdaq to offer a new online package for broker/dealers
and institutional investors called Nasdaq PostData. The
product is scheduled to launch on 18 March 2002.
 "Nasdaq
PostData was created in response to a widespread demand
from market participants," says Nasdaq Data Products
senior vice-president Adena Friedman. "Prospective
clients have told us that the information provided by
PostData will give them a decisive advantage in an increasingly
competitive marketplace."
Nasdaq PostData consists of the following trading data reports:
- Nasdaq Volume Post
displays for subscribers precise, daily share-volume
in selected Nasdaq securities from the prior trading day;
- Monthly Volume
Summaries that rank the top 50 market participants by the
industry sector, security type, or total and block volume; and
- Daily Issue Data that
provides a summary of the previous days activity for every
Nasdaq issue, including price, total shares outstanding,
dividend data, and more.
Due
to the proprietary nature of the reports, PostData resides
in the Secure Data section of the nasdaqtrader.com website,
to which admittance is restricted by password. All data
contained in these reports,
except the Daily Issue Data Report, is based on the information
obtained from the
Nasdaq Automated Confirmation Transaction Service Nasdaqs
system for reporting trades in Nasdaq securities making
it the most accurate data available.
To view a sample web-report of PostData, go to www.nasdaqtrader.com
and choose Hot Topics, then Nasdaq PostData. Broker/dealers
and institutional investors who have any questions should
contact the Nasdaq Trader Help Desk at (800) 777-5606.
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