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Nasdaq Precise

Nasdaq Precise, formerly called PrecISE Trade, is an award-winning front-end order and execution management system for trading options and stock options combinations.
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Benefits

Key Benefits of Nasdaq Precise

Submit

- Submit, monitor, alter, and cancel orders

Display

- Display the NBBO and BBO with depth at ISE - Display and access the ISE Complex Order Book

Route

- Route orders to all options exchanges via Nasdaq Execution Services
Features

How Nasdaq Precise Can Support You

Simple and Complex Strategy Order Types:

  • Complex orders up to 10 legs, including stock or ETFYe
  • Crossing for Simple and Complex Orders
  • Buy-Write and Delta Neutral

Simple and Complex Order Management:

  • OMS Functionality – See related Order Management Functionality Page
  • Reserve Orders
  • Post-entry Order Activation
  • Electronic, direct post-trade allocation

'Done-Away' Order Management:

  • Electronic order and execution management, regardless of execution method or destination
  • Consolidated order management in a single platform
  • Efficient order management when used in conjunction with Parent/Child and Precise to Precise routing functionality
  • A comprehensive audit trail reflected in the Precise Order History Report for compliance and records

Risk Administrator User Type With Real-Time Adjustable Risk Settings:

  • Max order quantity
  • Max day quantity
  • Max order notional value
  • Max day notional value
  • Reject pre-open orders
  • Restricted products list
  • Short Locate Code Required

Nasdaq Precise Market Data:

  • ISE and ISE Gemini BBO
  • ISE Market Depth including Customer Quantity
  • NBBO and Each Exchange BBO for all other exchanges- NYSE & Nasdaq underlying data
  • ISE's Spread Order Book

Advantages

Take advantage of Nasdaq Precise's user friendly customizable interface as well as:

  • Supports Member-managed pre-trade risk parameters
  • Supports all ISE and ISE Gemini Exchange functionality
  • Connects via internet or direct connection
  • Allows for consolidated access to order and trade activity for multiple desks, business units and/or sponsored customers using Precise as well as FIX and API applications
Nasdaq Precise supports the following Order types:
  • Day
  • Day AON
  • FOK
  • IOC
  • NBBO Sweep
Resources

Nasdaq Precise Download
Important: 

Please notify Nasdaq Options Market Operations once the latest version of Precise is installed by emailing Market Operations or calling (215) 496-1571. New users should also contact Market Operations to create a secure download login.

Download Nasdaq Precise Files
Smart Updater Download - (Secure) Download the File Standalone Version Download - (Secure) Download the File Nasdaq Precise Technical Installation Guide Download the File Precise MFA OKTA User Guide Download the File Nasdaq Precise User Guide Download the File Microsoft .NET 4.5 (External link - Net 4.5 upgrade is required for any Precise version after 5.14.2) Download the File

Contact Support

U.S. Options
sales@nasdaq.com

U.S. Options Trader Alerts are time-critical communications designed to inform customers of activities such as market system status, trading halts, regulatory notifications, product updates, pricing changes, and market data news for all Nasdaq exchanges. 

 

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Nasdaq ISE (ISE)

Nasdaq ISE (ISE) delivers fast and efficient execution of Complex, Implied and Crossing Orders.

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Nasdaq GEMX (GEMX)

Nasdaq GEMX (GEMX) is designed to attract liquidity and offer price improvement opportunities.

Explore GEMX