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.
Key Benefits of Nasdaq Precise
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Submit
- Submit, monitor, alter, and cancel orders
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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
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
Kill Switch With Immediate Impact Upon Activation:
- Blocks order entry-related requests
- Deletes open orders
- Precise can be used to activate Kill Switch for Precise, FIX, or DTI business unit(s)
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
'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
Nasdaq Precise Market Data
The following market data is available via Nasdaq Precise:
- 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
- Real-Time Greeks including Delta, Volatility, Gamma, Vega, Theta & Rho
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The following market data is available via Nasdaq Precise:
- 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
- Real-Time Greeks including Delta, Volatility, Gamma, Vega, Theta & Rho
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
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.
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- Smart Updater Download - (Secure) Open
- Standalone Version Download - (Secure) Open
- Nasdaq Precise Technical Installation Guide Open
- Precise MFA OKTA User Guide Open
- Nasdaq Precise User Guide Open
- Microsoft .NET 4.5 (External link - Net 4.5 upgrade is required for any Precise version after 5.14.2) Open
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.
Related Exchanges
Nasdaq ISE (ISE)
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Nasdaq ISE (ISE) delivers fast and efficient execution of Complex, Implied and Crossing Orders.
Nasdaq GEMX (GEMX)
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Nasdaq GEMX (GEMX) is designed to attract liquidity and offer price improvement opportunities.