Canada Startup Preps ‘Level 3' Indicators

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Calgary, Alberta-based analytics startup Level 3 Data has officially launched a service for quantitative traders and hedge funds that provides an indicator of buying and selling pressure to improve trading returns and minimize risk, and is now offering a 90-day free trial of its data to attract early adopter clients.

The vendor's Buying & Selling Pressure Indicator uses a patent-pending algorithm that analyzes real-time tick data to consolidate volume at each side of the spread, providing a sign