Peer Benchmarking is the first solution that ranks a firm’s equity trading performance on The Nasdaq Stock Market against a group of peers with similar trading behavior. It ranks a firm’s performance across 40-plus trading characteristics on a T+1, monthly and quarterly basis, which allows the firm to continuously monitor and optimize its trade execution process. The trading characteristics include:
- Trade and Order Information relating to Price/Volume/Size;
- Statistics relating to Price/Volume/Size; and
- Information as to Missed Opportunities.
Pinpoint how the trading desk has improved its ranking in key metrics, which areas need to be improved, and how technical or strategical changes affect your performance as compared to firms that trade under similar conditions. Peer Benchmarking is currently one of three components that make up Nasdaq Trading Insights.