Nasdaq Offers Pre-Offering Order Data
Tool will increase effectiveness of pre-IPO order activity, officials say.

Nasdaq officials say the tool─which provides net order imbalance information for the order book, rather than the full pre-IPO order book─will make underwriters and traders more informed and able to make better trading decisions during pre-IPO periods.
Users can access the IPO Indicator at no additional charge via the Level 2 data Nasdaq Workstation product, and via a new IPO Workstation product, which the exchange is offering free of charge through June.
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