Nasdaq Global Data Agreement

The NASDAQ Global Data Agreement: Understanding the Benefits

The NASDAQ Global Data Agreement, or NGDA, is a comprehensive agreement that provides market data to financial institutions, traders, and investors around the world. It ensures that users have access to high-quality, reliable, and timely data from NASDAQ, the world`s second-largest stock exchange.

The agreement grants access to real-time data from all NASDAQ markets, including quotes, trades, depth-of-book, and more. It also includes historical data going back to 1971, which can be used for trend analysis, backtesting, and other purposes.

Why is the NGDA important?

The NGDA is essential for financial professionals who rely on timely, accurate market data to make informed trading decisions. It provides a comprehensive view of the stock market, including NASDAQ, NYSE, and other exchanges, which helps traders identify trends, find trading opportunities, and manage risk.

The agreement also ensures that users have access to the latest market data, including real-time quotes, news, and other information that can affect stock prices. This is critical in today`s fast-paced markets, where every second counts and timely information can make all the difference.

Moreover, the NGDA is a cost-effective solution for accessing market data. Instead of paying multiple fees to various exchanges, users can get comprehensive coverage from NASDAQ with a single agreement.

Understanding the different options

The NGDA is available in three different options, depending on the user`s needs. The first option is the Basic agreement, which provides real-time data from NASDAQ and other exchanges, along with delayed data from other markets.

The second option is the Level 1 agreement, which provides real-time data from NASDAQ and other exchanges, along with limited depth-of-book data. This is useful for traders who need access to the most critical price information but don`t require full-depth data.

The third option is the Level 2 agreement, which provides real-time data from NASDAQ and other exchanges, along with full-depth-of-book data. This is critical for traders who need to see the entire order book and monitor order flow in real-time.

The NGDA is an essential tool for traders and investors who need timely, accurate, and comprehensive market data. With its extensive coverage, cost-effective pricing, and different options, the agreement offers something for everyone. So, if you are a trader or investor looking to make informed decisions, the NGDA is definitely worth considering.

Follow Us