NASDAQ Data-On-Demand is a new cloud computing solution built on the Xignite DataOnDemand
platform that provides easy and flexible access to large amounts of high quality
and reliable historical Level 1 data for NASDAQ- , NYSE-, OTC Bulletin Board (OTCBB), Pinksheet and other regional-listed
securities. Available for purchase online, data will be available in plain text
XML or CSV files for easy analysis in Microsoft Excel or other programs. Historical
tick data is becoming increasingly important for research and back-testing of strategies.
However, collecting and storing such large data sets requires substantial infrastructure
and resources, thus it is not readily available for public consumption.
NASDAQ Data-on-Demand is designed to eliminate those obstacles by providing a high
quality, reliable source of Level 1 (Market Replay) data. Customers can access the
data they want, when they need it, without paying extravagant fees. Data-On-Demand
will give customers a way to cherry-pick subsets of data with pinpoint accuracy.
Instead of combing through very large sets of historical tick data, users will be
able to select very specific data sets and obtain them on-demand to for almost instant
analysis. Traders can download detailed trade and quote data as well as statistical
data (such as VWAP and TVWAP) via API and have it returned in XML or CSV format.
The product is designed to:
- Provide access to high quality, reliable historical Market Replay data – direct
from the source.
- Help traders automate back testing of trading algorithms or validate internal data
without committing to storing large amounts of data locally.
- Provide easy access to raw data for compliance purposes.
- Reduce costs and time associated with consuming Level 1 data by delivering specific
trade and quote information.
- Enable users to create an outsourced back-up data solution.