What is Trade Outline?

PHOTO, NOTO, ISE, GEMX, MRX, and BX Trade Outline are separate market data products offered by Nasdaq that provide proprietary trade data regarding investor sentiment and trading activity on each respective exchange. Aggregate trade quantity and trade volume are included for each customer capacity for every option series traded on each respective exchange. Activity is further broken down by opening buy, closing buy, opening sell and closing sell transactions across each customer capacity.

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