Thomson Reuters And Nasdaq OMX Collaborate On Compliance Initiative
New York, NY — Thomson Reuters and The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announced the integration of NASDAQ Market Replay into Thomson Reuters Transaction Analytics, a product suite featuring post-trade best execution analytics, trade exception monitoring and SEC compliance reporting.
Thomson Reuters Transaction Analytics provides trading desks and compliance officers with in-depth best execution reports and actionable trade exception alerts. The integration of NASDAQ Market Replay will now take these critical analytics one step further by allowing clients to click on a trade exception to seamlessly view the full market context. This includes all quotes, trades, and consolidated (Best Bid and Offers) NBBO in the market around the execution, with the ability to visually zoom in and out and navigate forward and backwards in time to better understand surrounding market activity.
“With increasing regulatory scrutiny, the demands of best execution monitoring are growing. Our goal is to make the compliance workflow as comprehensive yet simple for our clients as possible. Thanks to our partnership with NASDAQ OMX, we’re now able to complement our rigorous best execution analytics with the deep market analytics available via Market Replay,” said Miftah Khan, Global Head of Transaction Analytics at Thomson Reuters.
NASDAQ Market Replay is an extremely powerful trading and compliance tool. It provides users with access to intra-day and historical NASDAQ-validated data and tools to replay and analyze the market for securities listed on all major U.S. equity markets. Market Replay allows users to quickly view the consolidated top of book at any point in time as well as the top of file for each exchange, replay the market in simulated real-time or at an accelerated/decelerated speed, and zoom in to view events at the millisecond level to see exactly what happened.
“NASDAQ Market Replay provides a complete view of the market activity in a particular stock -- down to the millisecond -- and it underscores our commitment to helping market participants fulfill their best execution obligations,” said Randall Hopkins, Senior Vice President, NASDAQ OMX Global Data Products. “We are pleased to collaborate with Thomson Reuters on an endeavor that brings innovation and greater transparency to the markets.”
For more information about Thomson Reuters Transaction Analytics, visit www.tta.thomson.com.
NASDAQ Market Replay is also accessible directly from NASDAQ OMX. For more information, please visit DataSales@nasdaqomx.com or call 301.978.5307.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people operating in over 100 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX’s products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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