Nasdaq’s Nordic and Baltic equities QuoteView is now available through Nasdaq Data Link. Powered by BMLL data, this is the first of its kind for the region, and covers both primary trading venues and MTFs.
QuoteView provides T+1 consolidated best bid and offer (CBBO) data for equity markets, aggregated by price and with 10 levels of depth at a millisecond timestamp granularity.
Its consolidated order book includes all lit quotes across primary venues and MTFs in Sweden, Denmark, Finland, Iceland, Estonia, Latvia and Lithuania trading Nordic and Baltic securities, along with the original listing location.
Using the service, investment banks and brokers are able to identify addressable liquidity and enhance their data and analytics processes, the company said. This will enable value-add across research, algo optimisation, trading analytics and risk parameters.
Issuers can use the platform to compare products and listings across different venues and currencies, while systematic traders can simplify data collection for equity and ETP stock performance across venues.
Nasdaq Data Link grants users access to more than 250 data sets via API.
The announcement marks the continuation of the companies’ partnership; Nasdaq’s venture investing programme Nasdaq Ventures invested in BMLL’s Series B funding round in Q4 2022.
Paul Humphrey, BMLL CEO, told Global Trading: “Market practitioners are increasingly relying on data-driven insights. By providing Nordic and Baltic Equity QuoteView, Nasdaq enables firms that trade Nordic and Baltic securities to gain insights on the liquidity available to them and understand market behaviour quickly and easily without the burden of data collection, curation or storage.”
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