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NASDAQ MarketSite (or simply MarketSite) is the commercial marketing presence of the NASDAQ stock market. Located in Times Square in New York City, it occupies the northwest corner of the bottom of 4 Times Square. The exterior wall of the seven-story cylindrical tower is an LED electronic video display that provides market quotes, financial news and advertisements. It was built in 1999 and made its debut on January 1, 2000. [1]
The ground floor of the glass-walled MarketSite contains a television studio. A wall of rear-projection monitors 44 feet (17 m) long by 14 feet (4 m) high display market conditions in real-time, providing reporters from CNBC, CNN, Yahoo! Finance, Fox News Channel, MSNBC, Bloomberg Television, BBC, and other financial television networks a backdrop to present their reports. BusinessWeek's weekly syndicated newsmagazine also comes from the MarketSite.
The Nasdaq MarketSite was a novel idea that took the electronic display of market data from simple LED stock tickers with arcane company trading symbols to sophisticated graphic displays including a logo ticker and other real-time market data. The original idea for MarketSite and the data visualizations and graphics came from Enock Interactive (now Percepted) in New York City. The project was 10 years in the making prior to the Times Square launch. [2]
The technologies and processes used in the original Nasdaq MarketSite are protected under United States Patent 7,082,398 ( Google Patents ) issued July 25, 2006. Inventors were: Thomas Apple (Arlington, Virginia), Paul Noble (Short Hills, New Jersey), John Footen (Mount Arlington, New Jersey); and Andrew Klein (Brookline, Massachusetts). The initial installation of the MarketSite was in the former Whitehall street location of Nasdaq. The current Times Square system and process have been upgraded and changed several times but remain protected by the broad claims and novel uses outlined in the original patent.
The current MarketSite facility utilizes a complex system of videowall processors and data feeds to provide broadcasters with a dynamic real-time data background. This system shares nothing with the original Whitehall street iteration of the MarketSite, having been upgraded and redesigned several times due to advances in technology.
The Nasdaq Stock Market, also known as Nasdaq or NASDAQ, is an American stock exchange located at One Liberty Plaza in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind only the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S. stock and options exchanges.
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine.
London Stock Exchange is a stock exchange in the City of London, England. As of April 2018, London Stock Exchange had a market capitalisation of US$4.59 trillion. It was founded in 1571, making it one of the oldest exchanges in the world. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. It is part of London Stock Exchange Group (LSEG). London Stock Exchange Group was created in October 2007 when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana.
TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in Plantation, Florida, and has offices in New York; Chicago; Richardson, Texas; London; Sydney; and Costa Rica. TradeStation is best known for the technical analysis software and electronic trading platform it provides to the active trader and certain institutional trader markets that enable clients to design, test, optimize, monitor, and automate their own custom equities, options, and futures trading strategies. TradeStation Group was a Nasdaq GS-listed company from 1997-2011, until acquired by Monex Group, a Tokyo Stock Exchange listed parent company of one of Japan's leading online securities brokerage firms.
The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. It was developed by businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network. It is well known among the financial community for its black interface, which has become a recognizable trait of the service. The first version of the terminal was released in December 1982.
4 Times Square, also formerly known as the Condé Nast Building, is a skyscraper in Times Square in Midtown Manhattan, New York City. Located on Broadway between West 42nd and 43rd Streets, the structure was finished in January 2000 as part of a larger project to redevelop 42nd Street. The architects were Fox & Fowle, who also designed the Reuters Building as part of the larger project. The 809-foot (246.5 m), 52-story building is the 28th tallest building in New York City and the 59th tallest in the United States. Owned by the Durst Organization, the building contains 1,600,000 square feet (150,000 m2) of floor space.
Ticker tape was the earliest electrical dedicated financial communications medium, transmitting stock price information over telegraph lines, in use from around 1870 through 1970. It consisted of a paper strip that ran through a machine called a stock ticker, which printed abbreviated company names as alphabetic symbols followed by numeric stock transaction price and volume information. The term "ticker" came from the sound made by the machine as it printed.
A news ticker is a primarily horizontal, text-based display either in the form of a graphic that typically resides in the lower third of the screen space on a television station or network or as a long, thin scoreboard-style display seen around the facades of some offices or public buildings dedicated to presenting headlines or minor pieces of news.
Trans-Lux is a company that specializes in designing, selling, leasing and maintaining multi-color, real-time data and LED large-screen electronic information displays, but is primarily known as a major supplier of national stock ticker display devices for stock exchanges. These indoor and outdoor displays are used worldwide in many industries including financial, banking, gaming, corporate, retail, healthcare, sports and transportation.
CNNfn was an American cable television news network operated by the CNN subsidiary of the media conglomerate Time Warner from November 29, 1995, and of AOL Time Warner until December 15, 2004. The network was dedicated to covering financial markets and business news, similar to CNBC.
An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system that widely disseminates orders entered by market makers to third parties and permits the orders to be executed against in whole or in part. The primary products that are traded on ECNs are stocks and currencies. ECNs are generally passive computer-driven networks that internally match limit orders and charge a very small per share transaction fee.
Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading was developed to make use of the speed and data processing advantages that computers have over human traders. Popular "algos" include Percentage of Volume, Pegged, VWAP, TWAP, Implementation shortfall and Target close. In the twenty-first century, algorithmic trading has been gaining traction with both retail and institutional traders. It is widely used by investment banks, pension funds, mutual funds, and hedge funds that may need to spread out the execution of a larger order or perform trades too fast for human traders to react to. A study in 2016 showed that over 80% of trading in the FOREX market was performed by trading algorithms rather than humans.
Google Finance is a website focusing on business news and financial information hosted by Google.
A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and "trading floor" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses.
The Morgan Stanley Building at 1585 Broadway is the headquarters of Morgan Stanley, on the west side of Broadway, north of Duffy Square in the Times Square neighborhood of midtown Manhattan, New York City. Rising to 685 ft, it is the 82nd tallest building in New York.
A national market system plan is a structured method of transmitting securities transactions in real-time. In the United States, national market systems are governed by section 11A of the Securities Exchange Act of 1934.
The Consolidated Quotation System (CQS) is the electronic service that provides quotation information for stock traded on the American Stock Exchange, New York Stock Exchange, and other regional stock exchanges in the United States and also includes issues traded by FINRA member firms in the third market. NASDAQ processes this data and provides it to its subscribers as the Composite Quotation Service. The initials CQS may be used either for the exchange system or the NASDAQ service.
A multilateral trading facility (MTF) is a European regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic systems. The concept was introduced within the Markets in Financial Instruments Directive (MiFID), a European Directive designed to harmonise retail investors protection and allow investment firms to provide services throughout the EU.
1500 Broadway is a skyscraper located in Times Square, New York City. The skyscraper was completed in 1972 by Arlen Realty & Development Corporation, with a height of 119 meters, and has 34 floors. 1500 Broadway is famous for the seven-story NASDAQ ticker tape display that wraps around the building and for the glass-fronted studio of ABC's Good Morning America television show.
Stock market data systems communicated market data—information about securities and stock trades—from stock exchanges to stockbrokers and stock traders.
Coordinates: 40°45′23″N73°59′10″W / 40.756327°N 73.985978°W
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