Will New Nasdaq ProductEat Data Vendor's Lunch?
Traders Magazine, February 2002
A product that provides volume and other trading activity in Nasdaq stocks - owned and operated by Nasdaq - is hitting the desks. Nasdaq PostData's arrival comes three years after the NASD filed a proposal with the SEC to establish the fee-paying service for subscribers and market data vendors. The product, which was criticized in its original form by Thomson Financial, operator of similar services sold by AutEx/BlockDATA, will provide three distinct data reports: daily share volume in selected Nasdaq securities; monthly volume summaries that rank the top 50 market participants; and summaries of the previous day's activity for every Nasdaq issue.
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