What does order imbalance on sell side mean?

What Is an Order Imbalance? Order imbalance is a situation resulting from an excess of buy or sell orders for a specific security on a trading exchange, making it impossible to match the orders of buyers and sellers. Extreme cases of order imbalance may cause suspension of trading until the imbalance is resolved.

What is Net order Imbalance Indicator?

The Net Order Imbalance Indicator (NOII) is a tool provided by the Nasdaq stock exchange that shows order imbalance information about the opening and closing crosses. The NOII information is provided 10 minutes before the market close and five minutes before the market opens.

How much does NYSE real time data cost?

Other non-professional accounts or commission plans are subject to the following monthly real-time market data fees: AMEX $3.00/month, NASDAQ Data Package #1 $3.00/month, NASDAQ Data Package #2 $14.00/month, NASDAQ Data Package #3 $20.00/month, NYSE $3.00/month, and OPRA $5.00/month.

What is NYSE openbook?

NYSE Openbook Ultra is an event-based depth of book feed that contains aggregate limit-order volume and individual event-by-event volume, action and price information for all bid and offer prices in all NYSE-traded securities.

Is order imbalance on buy side good or bad?

If the imbalance occurs prior to the market open, trading may be delayed. Better-than-expected earnings or other unexpected good news can result in a surge in buy orders in relation to sell orders. Extreme cases of order imbalances may cause suspension of trading until the imbalance is resolved.

What is imbalance feed?

The Order Imbalances feed provides a real-time publication of buy and sell imbalances sent at specified intervals during auctions throughout the trading day for all listed securities. The Order Imbalances Feed is available for: NYSE. NYSE American.

What is imbalance locator?

What is the imbalance locator? Ideally, the market is usually a battle or tug of war between buyers and sellers. Therefore, the imbalance indicator is a tool that provides more information about the market when it opens and when it closes.