The Nasdaq Stock Market, Inc. announced that ModelView was enhanced today to include NYSE- and Amex-listed data as well as INET liquidity.
ModelView is a web-based historical product designed to provide greater insight into the patterns of liquidity in NASDAQ Market Center, an integrated order display and execution system for all NASDAQ and exchange-listed securities.
ModelView can help improve the performance of trading algorithms, the execution quality of smart-order routers, and enhance transaction cost analysis. ModelView provides displayable and reserve depth data on an aggregated basis for all price levels in the market center ten days after settlement.
"As NASDAQ captures a greater percentage of market share in NYSE-listed securities, ModelView provides users with a correspondingly deeper insight into the vast pools of liquidity on NASDAQ," said Randall Hopkins, Vice President, NASDAQ Market Data Distribution. "These advanced information tools provide yet another advantage to trading on NASDAQ, adding to the superior transaction services and pricing already offered by NASDAQ for trading NYSE- and Amex-listed names."
During August 2006, NASDAQ's average daily total share volume in NYSE-listed securities was approximately 637 million, compared with 618 million in July and 330 million in August 2005. NASDAQ's total market share in NYSE-listed securities in August was 28.1%, compared with 17.9% in August 2005.
ModelView is a time series historical product. At one-minute intervals during the pre-market and normal trading day, NASDAQ summarizes the aggregated displayable and reserve size available at each price level in the NASDAQ Market Center, INET, and Brut for each security.