Nasdaq Basic Canada Launches on the Cloud
June 10 2020 - 7:00AM
Nasdaq (Nasdaq: NDAQ) today announced it launched Nasdaq Basic
Canada—a feed that provides investors around the globe with access
to real-time quote and trade data for the full range of Canadian
listed equities—on Nasdaq Cloud Data Services (NCDS), which
provides clients access to real-time equities, options, news,
index, and fund data through cloud-based technology.
Nasdaq Basic Canada combines data from Nasdaq CXC, CX2 and CXD
trading books for all TSX, TSX Venture and CSE listed securities at
up to 60% cost savings as compared to other marketplaces. This
launch is the latest milestone in Nasdaq’s commitment to provide
the general investing public with easy, cost-effective price
discovery for key equity markets in Canada. With Nasdaq Basic
Canada, investors can feel confident they’re accessing the same
level of accuracy, liquidity, coverage and accessibility at a
significant cost-savings.
“Adding Nasdaq Basic Canada to the cloud means improved access
for vendors and investors looking for real-time Canadian market
data,” said Oliver Albers, Senior Vice President and Head of Data
for Nasdaq’s Global Information Services. “Nasdaq Basic Canada
provides vendors with integration efficiencies and investors with
access to real-time Canadian equity market data at significant cost
savings, and using the cloud for data connectivity reduces costs
and lowers the barrier to entry for users. The end result is that
investors in the Canadian markets will benefit greatly from this
advance into the cloud.”
The benefits are similar to Nasdaq Basic U.S., which provides
investors with access to the full range of U.S. equities. It has
saved investors more than US$270 million in costs since 2009.
By leveraging NCDS, users worldwide can now access Nasdaq data
through a suite of highly scalable, cloud-based Application
Programming Interfaces (APIs). These APIs utilize open-source
delivery standards and a software development kit (SDK) to fast
track engineering efforts, which eliminates the need for hardware
procurement, proprietary protocols, file formats, and leased lines.
This allows for effortless integration of data from disparate
sources, and a dramatic reduction in time to market for
customer-designed applications.
During Q3 2020, Nasdaq is offering a free trial for Nasdaq Basic
Canada for all users, making adoption of this valuable tool even
more cost-effective. The Nasdaq Basic Canada data feed can be
integrated with vendor terminals, providing easy access to Canadian
equities for investors globally.
Nasdaq Basic Canada joins existing products on NDCS,
including:
- Nasdaq TotalView: All displayed orders for Nasdaq, NYSE and
regional securities
- Nasdaq Basic: Real-time Best Bid and Offer and Last Sale
information for all U.S. exchange-listed stocks
- Nasdaq Last Sale: Allows firms and data re-distributors to
create products to support trading firms
- Nasdaq Global Index Data Service (GIDS): Current and historical
index data for Nasdaq Global Indexes
- Nasdaq Fund Network: Valuations for financial instruments
including mutual funds and CITs
- Nasdaq Smart Options: A cost-efficient, streamlined options
data delivery alternative
- Nasdaq Quandl: Alternative and core financial data via the
Quandl platform
- MTNewswires: Multi-asset class, noise-free global news
service
More information on Nasdaq Basic Canada is available here. More
information on Nasdaq Cloud Data Services can be found on our
Nasdaq Cloud Data Service page.
About NasdaqNasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media ContactMatthew Sheahan(212)
231-5945matthew.sheahan@nasdaq.com
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