Search:
   

Monday, February 2, 2015

Equity Trader Alert #2015 - 16
Nasdaq Introduces IPO Indicator to Provide Additional Transparency to IPO Process

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

Effective Monday, February 2, 2015, Nasdaq is pleased to introduce the new, proprietary IPO Indicator tool.

Benefits to IPO underwriters and market trading participants: This unique tool, exclusive to Nasdaq and its member firms, allows traders to see detail for all of their own firm’s orders for an IPO during the pre-IPO quoting period. The IPO Indicator also shows the number of shares and orders that would execute for that particular firm if the cross were to occur at that Indicative price and time. Underwriters and participants will now have access to more information regarding their own order flow into the IPO cross book to make better, more informed, and more efficient trading decisions during the pre-IPO period. 

For the avoidance of doubt, this tool will not provide a complete view of the full pre-IPO opening book, but will provide the Net Order Imbalance information for the book, along with the firm’s specific order information and execution potential as the IPO book develops.



    Accessing the IPO Indicator

    • Nasdaq Workstation – The IPO Indicator can be accessed by Nasdaq Workstation users at no additional cost. The Nasdaq Workstation contains Level 2 quote data, access to ACT, and many valuable tools in addition to the newly introduced IPO Indicator.
    • NEW IPO Workstation – A new tool focused on providing best in class data for our IPO market participants and underwriting community. The IPO Workstation is free of charge through June 2015 and will be updated frequently with additional tools as we continue to bring innovative technology and services to Nasdaq IPO participants.

    For additional information on the IPO Indicator, the Nasdaq IPO process, or if you would like a product demo, please contact Jay Heller, Nasdaq IPO Execution Officer, at +1 212 401 8932.

     

    Email Alert Subscriptions:
    Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

    Please follow Nasdaq on Facebook RSS and Twitter.

    Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

    View NASDAQTrader.com Mobile