Nasdaq OMX launches cloud-based data-on-demand service

Nasdaq OMX launches cloud-based data-on-demand service

Nasdaq OMX has launched a service that lets customers access huge amounts of historical Level 1 tick data, on demand, from the cloud, eliminating the need for ever-growing in-house databases.

The exchange says historical tick data is becoming increasingly important for research, back-testing of strategies and verification of internal data.

The Nasdaq Data-on-Demand service is a Web-based application using the cloud infrastructure that expands access to users by allowing data to be purchased online.

Aimed at all users, from individual investors, to small algorithmic traders to large institutional outfits, it is designed to provide flexible, scalable access to large amounts of high quality data for Nasdaq, Nyse, OTC Bulletin Board, Pinksheet and other regional-listed securities.

Randall Hopkins, SVP, global data products, Nasdaq OMX, says: "Customers of Nasdaq Data-on-Demand are able to cut costs and boost efficiency by getting only the data they need when they need it. Thanks to Nasdaq Data-on-Demand, large and small customers alike can channel more resources to their core business operations and avoid data overload."

Comments: (1)

A Finextra member
A Finextra member 15 November, 2010, 15:20Be the first to give this comment the thumbs up 0 likes

Thanks for the mention! Just a few more notes on the technology side - Data-On-Demand is a technology agnostic and open platform, thus users can code in ANY language to retrieve the data. Also, the platform was built using standards created by the World Wide Web Consortium (W3C).

Data-On-Demand not only provides raw trade and quote data, but also calculates analytics so you don't have to spend time and effort calculating data yourself. Analytics include End of Day summary information, VWAP stats, Spread information and much more.

You can find more info at

Thanks again!

Sheila Shah, Product Management, NASDAQ OMX