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

This Solution Helps

  • Institutional Asset Managers
  • Retail Investors
  • Traders
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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. See below to download Nasdaq Precise Files.

Nasdaq Precise Supports

Please see below for 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

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

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)

'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

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

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

Order Types Supported

Nasdaq Precise supports the following Order types:

-Day

-Day AON

-FOK

-IOC

-NBBO Sweep

Key Benefits

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

Related Exchanges

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