The Nasdaq Stock Market, Inc. announced Friday the addition of a new product to the Nasdaq DataStore, an online collection of innovative data tools for institutional and individual investors.
Nasdaq Pre is the latest addition to the Nasdaq DataStore, whose debut in July 2007 marked the first time a U.S. stock exchange offered direct purchase of this breadth of data directly via the Web.
Nasdaq Pre facilitates pre-trade analysis by providing a reliable average cost estimate that is cents away from the inside.
The estimate helps determine, which order types and sizes will minimize the market impact cost of a transaction, thus helping manage transaction costs.
Source: Xinhua
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