Overview

The launch of NASDAQ ModelView represented a unique milestone in market data as NASDAQ became the first market center to provide insight into the market’s full liquidity, including reserve and hidden interest. ModelView provides a minute-by-minute summary of the total order interest, displayed order interest and hidden order interest at each price point for NASDAQ- NYSE- and NYSE MKT-listed issues. Data is available on a T+10 basis.

Benefits & Features

ModelView is designed to provide insight into liquidity for NASDAQ OMX’s U.S. markets by:

  • Helping to improve efficiency of algorithmic trading applications and smart order routers
  • Enhancing pre- and post-trade transaction cost analysis
  • Highlighting NASDAQ market center liquidity in the full range of U.S. equity securities including NYSE- and MKT-listed issues
  • Providing displayable and reserve depth data on an aggregate basis for all price levels in NASDAQ on a T+10 basis

Data Description

For NASDAQ-, NYSE- and MKT-listed issues, the ModelView data product carries the following data elements on a T+10 basis: Issue Symbol, Time, Side, Price and Hidden Volume.

Data Delivery Options

ModelView files for the current business month are available for download via a secured FTP interface or secured website interface.

Historical ModelView data files dating back to June 2005 may be ordered per a special request.

Pricing

Please refer to the U.S Equities Price List for pricing information.

Agreements & Forms

To order this web-based data product, firms must submit the appropriate documentation and receive prior approval from NASDAQ OMX:

For the complete list of NASDAQ OMX and UTP market data agreements and forms, please refer to the NASDAQ OMX Global Data Products Agreements and Forms page.

Contact Information

To order this NASDAQ product or for further information:

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