Nasdaq wins SEC approval for online trading data reports

Nasdaq wins SEC approval for online trading data reports

The Securities and Exchange Commission (SEC) has approved a rule filing for Nasdaq's new online data reporting package for broker/dealers and institutional investors.

The Nasdaq PostData product will consist of a number of trading data reports:
* 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 industry sector, security type, or total and block volume; and
* daily issue data that provides a summary of the previous day's activity for every Nasdaq issue, including price, total shares outstanding, and dividend data.

Adena Friedman, senior vice president of Nasdaq Data Products, says: "Prospective clients have told us that the information provided by PostData will give them a decisive advantage in an increasingly competitive marketplace."

The service is scheduled to launch on 18 March, 2002.

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