International financial technology business IRESS, in collaboration with Nasdaq, is set to expand access to data for Canadian securities.
Nasdaq has collaborated with IRESS in this initiative because of IRESS ability to reach a broad range of clients, and seamlessly integrate the new data feed.
Nasdaq Basic Canada is a feed that provides investors with access to real-time quote and trade data for Canadian listed equities. Nasdaq Basic Canada combines data from Nasdaq CXC, CX2 and CXD trading books for all TSX, TSX Venture and CSE listed securities.
The new data feed is now available on all IRESS market data products, including its browser-based ViewPoint platform.
Michael Lynds, Managing Director of Canada for IRESS, said: We know all market participants including portfolio managers and investment advisors are increasingly focused on data costs, which is why this initiative is meaningful. With this expedient integration of content, we are demonstrating our commitment to deliver reliable innovations to the market.
Launching Nasdaq Basic Canada provides vendors with integration efficiencies and investors with access to real-time Canadian equity market data at significant cost savings compared to current market rates said Oliver Albers, Senior Vice President and Head of Strategic Partnerships for Nasdaqs Global Information Services. As part of our global mission to increase market access and transparency, we are actively engaged with the vendor and user communities to ensure that investors globally can realize the benefits as soon as possible at a 60% cost saving as compared to other marketplaces.
The Nasdaq Basic Canada data feed can be integrated with vendor terminals, providing easy access to Canadian equities for investors globally.
IRESS is a leading provider of technology for wealth management, financial markets, and the mortgage industry.
It is the first market data terminal provider to make the Basic Canada package data available.
