Nasdaq OMX Group has integrated its Market Replay trading and compliance tool into Thomson Reuters’ Transaction Analytics product suite, both companies said today. By integrating Market Replay with Transaction Analytics, which provides trading desks and compliance officers with best execution reports and trade exception alerts, users will be able to click on a trade exception “to seamlessly view the full market context,” according to a statement from both companies. “This includes all quotes, trades, and consolidatedNBBO (national best bid and offers) 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,” Thomson Reuters and Nasdaq OMX explained. Miftah Khan, global head of transaction analytics at Thomson Reuters, said the goal of the collaboration is “to make the compliance workflow as comprehensive yet simple for our clients as possible.” Nasdaq Market Replay 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 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.

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