eToro Taps Nasdaq to Access US Market Data

Multi-asset brokerage, eToro is fetching the United States equities market data from exchange operator and technology provider Nasdaq.

Announced on Tuesday, eToro’s clients will have access to Nasdaq Basic, which offers real-time best bid and information on all stocks listed on US exchanges. The market data are based on liquidity within the Nasdaq market center and the trades reported to the FINRA Trade Reporting Facility.

Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awards

“eToro was founded to empower everyone to access the financial markets,” eToro’s vice president of product, Tal Ben-Simon, commented on the development.

“eToro offers its users not only a choice of which assets to trade or invest in, from commission-free stocks through to crypto and other global assets, but also how to invest. They can trade directly, copy the top-performing investors, or invest in smart portfolios. Our work with Nasdaq furthers our goal in bringing transparency and market access to every corner of the world.”

Offering Data to Many Market Players

Nasdaq Basic offers data from Nasdaq Cloud Data Service and also the majority of market vendors, and is a part of the company’s nextgen solutions. Other than eToro, Webull, iFlip, and Astontek are among others to use Nasdaq’s services.

“eToro shares our vision in lowering the barrier to entry for direct market participation and providing access for investors to real-time U.S. equity market data at significant cost savings,” Nasdaq’s Oliver Albers added. He is a senior vice president and head of data for Nasdaq Global Information Services.

“Through this new collaboration, we are excited to extend the availability of the most resilient and high-quality market data to investors worldwide.”

Along with its securities markets services, eToro is also expanding its presence in the digital asset market. Earlier this month, the brokerage added staking services for Cardano and Tron, with plans for offering the same for other cryptocurrencies.

Source: Read Full Article