Nasdaq Europe is to launch a new service that will permit its market data to be accessed directly over the Internet.
The new service will use XML (Extensible Markup Language) to distribute Nasdaq Europe market data directly through an Internet feed, supplying trade and volume information for all Nasdaq Europe securities, as well as the Nasdaq Europe Composite Index. The system is scheduled to go live on 3 December, 2001.
Users will be able to connect to easily accessible Internet resources, reducing hardware and line costs. The new Nasdaq Europe XML product will also allow Web sites and other data recipients to take the data directly from Nasdaq Europe, thereby cutting their delivery costs, says the Exchange.
Future modifications are in the pipeline to allow data recipients and vendors to customise the product to their individual needs for efficient integration into their Web sites and market data systems.