NASDAQ indicator - fears it will expose " hidden trading strategies"

This via the Wall Street Journal on proposals by NASDAQ to launch an options-data service called the "Intellicator Analytic Tool"

• indicator wouldn't reveal the identities of investors
• But could reveal the "customer type" of buyers or sellers in thinly traded markets
• For instance, it could show whether a trade was initiated by a small investor or big money manager, by identifying certain traders as "professional customers" who place larger volumes of orders each day.

Critics say the service could enable sophisticated algorithmic traders to exploit investors

• "In the interest of fairness and the investing public, this initiative should be denied by the regulator," Thomas Peterffy, chairman and chief executive of Interactive Brokers

Journal article is here for more, may be gated: Wall Street Fears Nasdaq Proposal Would Expose Trading Secrets

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ps.. the Intellicator is a combination of the words "intelligent indicator".

That alone is a reason to ban it IMO ;-)