Nasdaq brings Market Replay to Europe

Source: Nasdaq OMX, NeoNet

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of Market Replay Europe, a powerful tool that enables market participants to replay and analyze European market activity in simulated real-time. NASDAQ Market Replay Europe helps brokers decrease MiFID compliance costs while enhancing customer service for their clientele.

NASDAQ OMX Market Replay Europe is an innovative trading and compliance tool that provides intra-day and historical NASDAQ OMX-validated replays and analysis of the market for equities traded on NASDAQ OMX exchanges in Copenhagen, Stockholm and Helsinki and on fourteen other major European equity markets.

Investors and other market participants get access to a complete view of the market activity in a particular share, down to the millisecond, during the requested replay period, including every reported trade along with the corresponding consolidated best bids and offers.

Additionally, Market Replay Europe provides a customizable zoom feature to view events at the millisecond level to see exactly what happened.
Following the completion of a trade, Market Replay Europe allows users to analyze whether their trade received best execution and permits compliance officers to confirm if a trade met compliance standards.

Market Replay Europe can be used by all market participants including institutional and retail investors, professional and non-professional traders, and compliance officers. Market Replay Europe enables users
to:


* Review a situation for analysis or training
* Analyze whether a trade complied with best-execution requirements
* Review interesting situations and missed opportunities
* Share a replay with clients to confirm best trades
* Send a screen shot to help Trade Support
* Filter by exchange to remove those exchanges not included within the users MiFID execution policy

"NASDAQ OMX Market Replay Europe is a highly affordable, proprietary data product that enables investors and market participants to view the market in great detail," said NASDAQ OMX Executive Vice President Adena Frieman. "With Market Replay Europe, users can discover exactly how orders interacted with the market down to the millisecond at which the trade occurred, all in an easy-to-use visual tool."

In a related press statement, Neonet, the global provider of agency brokerage e services and trading technology, today announces that its European Consolidated Market Data powers NASDAQ OMX's analysis tool Market Replay Europe.

The tool is powered by market data collected and presented in Neonet's Consolidated European Order Book. Neonet delivers high quality market data, tapped directly from connected exchanges' and execution venues' order books and fed through high-speed circuits to deliver a low-latency feed to clients.

In addition to the NASDAQ OMX Group, Neonet provides market data to the multi-lateral trading facility Turquoise, as well as to banks and brokerage firms throughout Europe.

"By bringing relevant high speed market data into one consolidated order book, we eliminate the challenges related to market fragmentation and improve the market transparency. By these means, Neonet helps market participants to ensure efficient market operations", said Simon Nathanson, President and CEO of Neonet. "The agreement with NASDAQ OMX shows that it is important for leading exchanges, MTFs and other market participants to have high-quality, high-speed market data".

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