Market participants, including trade support staff and researchers, are seeking comprehensive yet lower cost solutions that provide accurate reference prices in real-time from each exchange venue in one stream. NASDAQ Basic is a low-cost alternative to Level 1 products and delivers Best Bid and Offer and Last Sale information for all securities listed on NASDAQ, NYSE and NYSE Amex, based on liquidity from the NASDAQ Market Center as well as trades reported to the FINRA/NASDAQ Trade Reporting Facility (TRFTM). MarketMap users of NASDAQ Basic also receive data from NASDAQ OMX BX (BXÂ®) and NASDAQ OMX PSX (PSXSM) in one consolidated feed. SunGardâs MarketMap provides real-time data in aggregate, helping lower cost for customers.
Brian Hyndman, senior vice president of NASDAQ OMX Global Data Products, said, âNASDAQ Basic helps SunGardâs MarketMap customers enjoy cost savings at a time when lowering expenses while increasing revenues remains a significant challenge. NASDAQ Basic is a low-cost alternative to Level 1 data and has a successful track record in helping the financial industry achieve greater efficiencies in an increasingly competitive marketplace.â
Robert Jeanbart, executive vice president and global head of market data at SunGard, said, âTodayâs economic climate, volatile markets, and trading complexity are driving up the cost of market data, at a time when financial services institutions need to reduce costs and increase efficiencies to remain strong and competitive. NASDAQ Basic helps provide our customers with essential data for securities listed on all U.S. exchanges, providing a low cost alternative to Level 1 products and a fast, simple implementation. MarketMap provides the flexibility, quality and cost-effectiveness customers are seeking, by offering access to the data via terminals, feeds and Web components.â