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Dataset

This dataset was created by SaakethKoka

Contents

The FR 2956 collects detailed data on depository institutions’ daily transactions trading of marketable U.S. Treasury securities and transactions trading of the debt and mortgage-backed securities (MBS) issued by U.S. federal government agencies including government-sponsored enterprises (agencies). Every national bank, state member bank, state non-member bank, savings association, or U.S. branch and agency of a foreign bank filing a Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (Form G-FIN; OMB No. 7100-0224) with average daily transaction volumes of over $100 million, for U.S. Treasury debt, or over $50 million, for agency-issued debt and MBS, during the prior fiscal year will be subject to the implemented reporting requirements. Depository institutions subject to the reporting requirements of the FR 2956 electronically report transactions through the Board’s data collection vendor, the Financial Industry Regulatory Authority (FINRA), utilizing its Trade Reporting and Compliance Engine (TRACE). The report has two parts. Part 1 collects data on transactions in U.S. Treasury debt and Part 2 collects transactions in debt and MBS issued by agencies.

Nasdaq Basic with NLS Plus is our most cost-effective solution for real-time US equities, offering the broadest coverage and added granularity—such as trade aggressor side—for a fraction of the cost of consolidated feed alternatives like SIP data.

This proprietary, consolidated data feed disseminates top-of-book (L1) data from every Nasdaq-operated venue and covers all US stocks and ETFs, including those listed on the NYSE, NYSE Arca, NYSE American, and Cboe exchanges. As the premium tier of Nasdaq's Basic product, it combines Nasdaq Last Sale (NLS) Plus and Nasdaq BBO (QBBO) to provide: - Best bid and offer (BBO) quotes for the Nasdaq stock market (XNAS), which are within 1% of the NBBO 99.22% of the time. - Tick-by-tick price and size for orders executed on Nasdaq (XNAS), Nasdaq BX (XBOS), and Nasdaq PSX (XPSX). - All off-exchange trades reported to FINRA/Nasdaq's Carteret and Chicago Trade Reporting Facilities (TRFs), which aggregate data from most of the 30 ATSs and account for approximately 45% to 49% of the average daily volume (ADV) in all exchange-listed securities.

With the addition of TRF data, Nasdaq Basic with NLS Plus captures the majority of the trading activity and liquidity within US equity markets. As of January 2025, this dataset represented 62.9% ADV, including both on-exchange and off-exchange trades.

This dataset is an ideal choice for market participants who need an accurate BBO but don't directly execute trades or display quotes for FINRA broker-dealer obligations. It also features substantially lower exchange license fees for real-time data compared to Nasdaq TotalView-ITCH, with pricing designed for distribution use cases and per-user rates that are reduced by more than 65%.

Real-time Nasdaq Basic with NLS Plus data is included with a Plus or Unlimited subscription through our Databento US Equities service. Historical data is available for usage-based rates or with any subscription. Visit our pricing page for more details.

Breadth of coverage: 11,595 products

Asset class(es): Equities

Origin: Directly captured at Equinix NY4 (Secaucus, NJ) with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP.

Supported data encodings: DBN, CSV, JSON Learn more

Supported market data schemas: MBP-1, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics Learn more

Resolution: Immediate publication, nanosecond-resolution timestamps

This file contains the respondents, release number, release date, and the url of the opinions and orders issued by the Commission adjudicating either appeals from initial ALJ decisions or disciplinary or adverse action taken by self-regulatory organizations (such as FINRA) or motions in connection with these proceedings.

The global smart advisory market is experiencing robust growth, projected to reach $6.96 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 19.96% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing adoption of AI-powered solutions across various industries, particularly in BFSI (Banking, Financial Services, and Insurance) and retail, is significantly boosting market demand. Businesses are leveraging smart advisory systems to enhance customer experience, personalize financial advice, streamline operations, and improve decision-making. The rising complexity of financial products and customer needs necessitates sophisticated advisory tools, creating further market impetus. Furthermore, the increasing availability of large datasets and advancements in natural language processing (NLP) and machine learning (ML) are enabling the development of more intelligent and efficient smart advisory platforms. The market is segmented by offerings (Software and Services) and end-user verticals, with BFSI currently dominating due to the high volume of transactions and regulatory requirements demanding personalized and efficient financial advice. However, rapid growth is expected in retail and travel and hospitality as businesses seek to optimize customer engagement and loyalty programs. Despite the considerable growth potential, the market faces certain restraints. High initial investment costs associated with implementing and maintaining smart advisory systems can be a barrier to entry for smaller companies. Concerns surrounding data security and privacy are also significant, particularly in the BFSI sector where sensitive customer data is involved. Addressing these concerns through robust security measures and compliance with data privacy regulations is crucial for market expansion. The success of smart advisory solutions hinges on the accuracy and reliability of the underlying algorithms and data. Continuous improvement and refinement of these aspects are essential for sustaining market growth and ensuring customer trust. Competition among established players like Nuance Communications Inc., IBM Corporation, and 24/7 Customer Inc., along with emerging innovative companies, is driving innovation and market diversification. Recent developments include: November 2023 - Nasdaq Launched an Innovative Solution for Financial Advisors in Partnership with Trackinsight. US Advisors now have access to a new tool in their toolbox with the launch of Fundsight, a free online platform created by Nasdaq and Trackinsight. The site, which is accessible through a simple single sign-on that verifies advisors through their FINRA CRD number, provides new and unique tools to advisors, allowing easy access to fund discovery, research, portfolio management, investment ideas, and content, all created with the intent of saving advisors time to focus on clients and grow their business., October 2022 - Wazir Advisor, an Indian management consulting firm, joined ITA Germany, a part of RWTH Aachen University. The partnership could aim to provide the latest and trending services to textile, apparel, and technical textile stakeholders in India, who look forwards to changing times and embrace best worldwide practices. The rising cost of manufacturing, lack of skilled labor, and the need for quicker decision-making urged the necessity of digitalization in the sector., December 2022 - Waterfield Advisors, an India-based Wealth Advisory firm, collaborated with Singapore Airlines to air Waterfield commercial via an in-flight entertainment system across all Singapore Airlines flights worldwide. This move will help the advisory firm offer its services internationally to clients looking to invest in India.. Key drivers for this market are: Burgeoning Demand for Intelligent Customer Engagement, Demand for Automation for Cost Management in the Healthcare; Increasing Penetration of Websites and Mobile Applications Integrated with Cloud Computing. Potential restraints include: Lack of Awareness and Information and Availability as add-in Under Analytics. Notable trends are: The Retail Segment is Expected to Witness Significant Adoption for Smart Advisor Solutions..