Nasdaq Readies Sentiment Tool

Pathfinders updates every second, displaying the number of buyers and sellers of a stock on an anonymous basis, alongside the aggregate volume of shares being bought and sold, to tell users whether activity is overwhelmingly bullish or bearish on particular stocks.

If buy and sell activity for a stock is roughly equivalent, the tool will indicate a neutral overall sentiment, says Claude Courbois, associate vice president of product development at Nasdaq OMX.

The exchange will provide Pathfinde

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