The FINANCIAL -- Thomson Reuters and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) on August 17 announced the integration of NASDAQ Market Replay into Thomson Reuters Transaction Analytics, a product suite featuring post-trade best execution analytics, trade exception monitoring and SEC compliance reporting.

"Thomson Reuters Transaction Analytics provides trading desks and compliance officers with in-depth best execution reports and actionable trade exception alerts. The integration of NASDAQ Market Replay will now take these critical analytics one step further by allowing clients to click on a trade exception to seamlessly view the full market context. This includes all quotes, trades, and consolidated (Best Bid and Offers) NBBO in the market around the execution, with the ability to visually zoom in and out and navigate forward and backwards in time to better understand surrounding market activity," NASDAQ informs. 

"With increasing regulatory scrutiny, the demands of best execution monitoring are growing. Our goal is to make the compliance workflow as comprehensive yet simple for our clients as possible. Thanks to our partnership with NASDAQ OMX, we're now able to complement our rigorous best execution analytics with the deep market analytics available via Market Replay," said Miftah Khan, Global Head of Transaction Analytics at Thomson Reuters.

NASDAQ Market Replay is an extremely powerful trading and compliance tool. It provides users with access to intra-day and historical NASDAQ-validated data and tools to replay and analyze the market for securities listed on all major U.S. equity markets. Market Replay allows users to quickly view the consolidated top of book at any point in time as well as the top of file for each exchange, replay the market in simulated real-time or at an accelerated/decelerated speed, and zoom in to view events at the millisecond level to see exactly what happened.

"NASDAQ Market Replay provides a complete view of the market activity in a particular stock -- down to the millisecond -- and it underscores our commitment to helping market participants fulfill their best execution obligations," said Randall Hopkins, Senior Vice President, NASDAQ OMX Global Data Products. "We are pleased to collaborate with Thomson Reuters on an endeavor that brings innovation and greater transparency to the markets."

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