The NASDAQ OMX Group's, NASDAQ Market Replay, has won the coveted 2008 MAX Award in the Enterprise category. NASDAQ Market Replay was declared the winner in San Francisco on November 18, 2008 at the annual Adobe MAX awards, a global program that recognizes innovative applications of Adobe software for creating engaging experiences.
"This award is extremely significant for NASDAQ considering Market Replay was contending with a pool of highly-regarded and worthy competitors," said Chip Greenlee, director of financial services at Adobe Systems, in a press release. "In the Enterprise category, Market Replay was an excellent example of how Adobe solutions can automate business processes and provide users with more efficient, engaging experiences," he said.
"This validates NASDAQ's ability to create world-class data products that deliver unsurpassed transparency into the equity markets and meet the needs of our customers," said Claude Courbois, associate vice president, NASDAQ OMX Global Data Products, in the release. "Since its debut earlier this year, Market Replay has already proven it significantly cuts customer costs and increases their understanding of market events," he added. Market Replay is a powerful trading and compliance tool that provides intra-day and historical NASDAQ-validated replays and analysis of the market for securities listed on all major U.S. equity markets. Market Replay provides every reported trade along with the corresponding consolidated best bid and offer quote activity, to provide investors a complete view of the market activity in a particular stock, down to the millisecond, during the requested replay period.
NASDAQ Market Replay provides replay and analysis of quote and trade activity in simulated real-time, with a customizable zoom feature to view events at the millisecond level to see exactly what happened. Following the completion of a trade, Market Replay allows users to analyze whether their trade received best execution and permits compliance officers to confirm if a trade met compliance standards.