New York, NY – September 28, 2006 – The Nasdaq Stock Market, Inc. (“NASDAQ®”; NDAQ) announced that ModelViewSM was enhanced today to include NYSE and Amex-listed data as well as INET liquidity. ModelView is a web-based historical product designed to provide greater insight into the patterns of liquidity in NASDAQ Market CenterSM, an integrated order display and execution system for all NASDAQ and exchange-listed securities.
ModelView can help improve the performance of trading algorithms, the execution quality of smart-order routers, and enhance transaction cost analysis. ModelView provides displayable and reserve depth data on an aggregated basis for all price levels in the market center ten days after settlement.
“As NASDAQ capture s a greater percentage of market share in NYSE-listed securities, Model View provides users with a correspondingly deeper insight into the vast pools of liquidity on NASDAQ,” said Randall Hopkins, Vice President, NASDAQ Market Data Distribution . “T hese advanced information tools provide yet another advantage to trading on NASDAQ, adding to the superior transaction services and pricing already offered by NASDAQ for trading NYSE- and Amex-listed names.”
During August 2006, NASDAQ's average daily total share volume in NYSE-listed securities was approximately 637 million, compared with 618 million in July and 330 million in August 2005. NASDAQ's total market share in NYSE-listed securities in August was 28.1%, compared with 17.9% in August 2005. For more information about these and other NASDAQ market performance statistics, visit www.nasdaqtrader.com/marketshare .
ModelView is a time series historical product. At one-minute intervals during the pre-market and normal trading day, NASDAQ summarizes the aggregated displayable and reserve size available at each price level in the NASDAQ Market Center, INET, and Brut for each security. For more information about ModelView, visit http://www.nasdaqtrader.com/trader/data/modelview.stm .
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit http://www.nasdaqfacts.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the proposed enhancements to ModelView, the timing of the enhancements, and the timing of integration to single book. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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Media Contact:
Wayne Lee, NASDAQ
301.978.4875
Wayne.D.Lee@Nasdaq.com
