TickSmith Analytics Solution provides Nasdaq Basic Canada analytics for the marketplace
Summary
Market participants using Nasdaq Basic Canada can utilize TickSmith data to better understand at a granular level how the product is helping them achieve their goals. “This new level of analytics against both top of book and market depth enables market participants to easily measure their performance against their peers using the platform’s web dashboard and data access tools,” says Marc-André Hétu, TickSmith Chief Product Officer. In addition, NBBO metrics let us evaluate the trading efficacy and liquidity of all venues in Canada.” TickSmith’s Marketplace Advanced Insights is used by trading venues to gain insight on member participation and adapt business strategies to attract market flow. Advanced Insights is an analytical module of TickSmith’s award-winning enterprise cloud software for managing and leveraging data at scale. Nasdaq Basic Canada combines the data from the three books into an easy to consume format, saving firms the cost of stitching these together.