Nasdaq, National Association Of Securities Dealers Automated Quotations

The Nasdaq National Association of Securities Dealers Automated Quotations (NQDA) is a platform that facilitates the dissemination of market data for over-the-counter (OTC) securities and other financial instruments to market participants. Here’s a breakdown of its key features:

Main Features:

• Real-time quotes: NQDA delivers live, continuously updating quotes for all listed securities, including the National Best Bid and Offer (NBBO) for each side of the market.
• Historical quotes: NQDA provides access to historical quote data for various timeframes.
• Market data reports: Various reports are available to analyze market data, such as the Top Volume Report, Open Interest Report, and the Order Book Report.
• Feed Services: NQDA offers various feed services to provide market data to different platforms and applications. These services include multicast, TCP/IP, and FIX.
• Enhanced Equity: In addition to the above, NQDA offers a platform specifically for equity securities called Enhanced Equity. This platform provides even deeper market data and functionality tailored to the needs of equity market participants.

Benefits:

• Improved investment decisions: NQDA provides investors with more complete and accurate market data, enabling them to make more informed investment decisions.
• Streamlined trading: NQDA simplifies the trading process by providing all the necessary market data in a single platform.
• Cost savings: NQDA offers significant cost savings for market participants compared to traditional methods of collecting market data.
• Enhanced market transparency: NQDA promotes market transparency by providing a comprehensive and accessible platform for market data dissemination.

Overall, NQDA is a key platform in the over-the-counter market, providing market participants with accurate, timely, and comprehensive data to facilitate efficient trading and informed investment decisions.

Additional Resources:

• Nasdaq NQDA Website: nqda.nasdaq.com/
• Nasdaq NQDA Media Kit: nasdaq.com/articles/nasdaq-nqda-media-kit/
• Nasdaq NQDA FAQs: nqda.nasdaq.com/faqs/