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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term within the Nasdaq market center and the trades reported to the FINRA Trade Reporting Facility.

“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. It 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, senior vice president and head of data for Nasdaq Global Information Services, added.

“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 additionally 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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.