The Nasdaq OMX Group (Nasdaq:NDAQ) today introduced a beta version of the Nasdaq Market Pathfinders.
This new, real-time data feed provides unparalleled insight into the buying and selling patterns of well-informed market participants. Market Pathfinders captures the sentiment of NASDAQ market makers as a whole and enables users to compare the number of bullish vs. bearish "Pathfinders" and the number of shares they bought and sold.
"Market Pathfinders levels the playing field for all investors by allowing them to see what the smart money -- or well informed market participants - is doing," said Randall Hopkins, Vice President, NASDAQ OMX Global Data Products. "Market Pathfinders delivers real-time information traditionally enjoyed exclusively by market participants who have access to large amounts of order flow. In these times of market volatility, Market Pathfinders can be valuable in helping investors improve the quality and timing of their trades."
Market Pathfinders does not reveal the identities of the market participants - it is the aggregation of their trading activity that is used to determine market sentiment. Market Pathfinders can help investors anticipate price increases or decreases by indicating buying or selling volume from those participants taking active positions.
The information delivered by Market Pathfinders is based on NASDAQ trade data and is updated every minute for every security traded on NASDAQ, including NYSE, Amex- and regional exchange-listed securities.
Market Pathfinders complements NASDAQ Market Velocity(r) and Market Forces(r), enabling investors to follow market activity in both orders and trades.
Market Pathfinders - pending Securities and Exchange Commission approval - will be available as a data feed for algorithmic traders and distributors and as a NASDAQ Display Solution, available to investors directly through the NASDAQ OMX DataStore.