NASDAQ MarketSite Unveils New Market Data and Graphics At Its Times Square Broadcast Facility
NEW YORK, Feb. 28, 2007 (PRIME NEWSWIRE) -- The NASDAQ Stock Market, Inc. (Nasdaq:NDAQ) announced it has unveiled new real-time, 3-D market data products at its broadcast facility in Times Square to provide global investors with a better view on NASDAQ's electronic market. The data products are available from our broadcast studio for the media's use and can be seen today on various business networks such as CNBC, Bloomberg TV, and Report on Business TV. These products, known in the marketplace as NASDAQ Market Analytix(sm), are currently available to professional traders and are also displayed in our studio for NASDAQ MarketSite(r) visitors. This information is unavailable from any other stock market. The products include:
NASDAQ Market Velocity(sm) -- This chart is a virtual representation of the activity happening pre-trade in the NASDAQ system on a given stock -- measuring "potential excitement" or "electronic noise" in a stock and how aggressively traders are interacting in NASDAQ's electronic market. NASDAQ Market Forces(sm) -- This chart shows real-time buy and sell pressure taking place in a stock by summarizing all the information in the NASDAQ order book comparing relative share volume in the given stock. NASDAQ Crosses -- NASDAQ has the ability to show electronic auctions taking place on systems for the Opening and Closing of the NASDAQ market in addition to the opening of an IPO. The goal of these virtual graphics are to illustrate the electronic auction or "supply and demand" in a given stock at the Open or the Close, giving a level of predictability on where the stock will likely open or close minutes before.
"NASDAQ MarketSite is an epicenter for business news and an informational icon recognized all over the world. We are pleased to further extend our broadcast offering to include a unique backdrop with analytical data, giving television viewers at home an inside look at the electronic trading world," said John Jacobs, NASDAQ's Chief Marketing Officer.
Anna Ewing Executive Vice President and Chief Information Officer added, "NASDAQ is always looking for innovative ways to leverage its existing technologies and product offerings. Due to the increasing popularity of our MarketSite facility, we regularly examine ways to enhance our facility while maintaining our competitive edge. As a result we have updated our studio graphics to include new innovative technologies that will contribute to the overall NASDAQ MarketSite experience for listed companies, the trading community, broadcast reporters, and all visitors."
About the NASDAQ MarketSite:
NASDAQ's MarketSite studio in Times Square has evolved into a symbolic broadcast icon around the world. The NASDAQ MarketSite studio in Times Square is a state-of-the-art broadcast facility that provides a dynamic backdrop for NASDAQ Listed Companies to celebrate the daily Market Open, IPO ceremonies and for business reporters to conduct market reports on developments within our marketplace. The NASDAQ video wall in the studio has a split-level design and is comprised of 96 high-resolution multimedia screens utilized to illustrate stock movements and performance graphs. The MarketSite is the home of multiple news outlets that report live up-to-the-minute financial information on a daily basis.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ 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 the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
CONTACT: NASDAQ Media Contacts: Silvia Davi 646-441-5014 Jolene Libretto 646-441-5220
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