Dynamic Midpoint Extended Life Order (M-ELO)
Meet like-minded counterparties while minimizing market impact.
A New Era in Midpoint Trading
Welcome to the next generation of midpoint trading with Nasdaq's Dynamic Midpoint Extended Life Order (M-ELO). Harnessing the power of artificial intelligence and machine learning, Dynamic M-ELO intelligently adjusts execution holding periods every 30 seconds based on market trends. Experience improved fill rates and minimized market impact with our adaptive AI-powered order type.
The First Exchange AI Powered Order Type
Explore Dynamic M-ELO
Dynamic M-ELO, the first exchange AI powered order type designed to improve fill rates and minimize market impact. A non-displayed order type that analyzes 140+ factors to adapt the holding period based on current market conditions to optimize midpoint executions.
Learn MoreWhat Does This Mean For Your Midpoint Trading Strategy?
It means enhanced liquidity and improved execution quality, all while providing a buffer against the unpredictable ebb and flow of market fluctuations. It's not just about making better trades, it’s about modernizing markets through technology that learns and grows with the market to improve efficiencies.
Broker-Neutral Exchange
Dynamic M-ELO orders only pair with other Dynamic M-ELO order types, uniting like-minded long-term investors on a broker-neutral exchange.
Non-Displayed Trade
Dynamic M-ELO reports to the tape like other midpoint executions, offering transparency in a regulated environment.
Using Existing Connectivity
Traders can use existing exchange connectivity when trading with Dynamic M-ELO, avoiding the costs associated with technology upgrades.
Resources
Dynamic M-ELO Monthly Report
View the latest monthly statistics and contact us for customized data and insights.
View Monthly ReportWe’re at the Forefront of Shaping the Future of Markets
Kevin Kennedy - EVP, Head of North American Market Services