NASDAQ Pre

The NASDAQ Pre-Trade Market Impact Cost Estimator (NASDAQ Pre) will facilitate pre-trade analysis by providing the average cost in “cents away from the inside” associated with a particular order strategy, size and time of day.

Using full, historical order book data from NASDAQ ModelView — including hidden orders, market participants can use average cost data to determine which order types and sizes will minimize the market impact cost of a transaction. Using this information, participants can determine the typical market impact of an order of a given size.

Alternatively, NASDAQ Pre can help market participants choose an order size that will typically execute without exceeding a specified market impact. Then, post-trade, participants can compare the market impact cost of their transaction with the average market impact that can be expected for that time of day.

Non-pro Pricing: $5 per month
Professional Pricing: $100 per month