Monday, October 21, 2019
Options Regulatory Alert #2019 - 24
Nasdaq announces change to the FTP Surveillance Reports location
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As previously described in ORA 2018-22, and ORA 2018-34, effective August 1, 2018, the five FTP options surveillance reports listed below have been transitioned to Nasdaq's new report portal, Report HQ. To have access to Report HQ, Members must first request access using the Report HQ request form. Once the request is verified and approved, an account will be created by Nasdaq Subscriber Services. Notification of account creation will be provided to the requestor via e-mail (2FA@nasdaq.com), after which the member will be able to log in to the Report HQ web application and upload their public SSH Key (s) for SSH File Transfer Protocol (SFTP or SCP) report delivery. Members may then test SFTP connectivity to “sftp.reporthq.nasdaq.com” and download a test file from their user directories on the SFTP server. Members must request a Report HQ account and complete account creation and set-up prior to November 15, 2019; surveillance reports located in the Market Maker's existing Nasdaq SFTP Secure Server output directory will be decommissioned on December 1, 2019. Request HQ Request Form Specialist Opening Quote - PMM The Specialist Opening Quote - PMM Report identifies when an assigned Specialist fails to submit valid opening quotes within the maximum allowed time after the primary market underlying has opened. Excessive Order Report The Excessive Order Report identifies when a participant is sending an extremely rapid stream of orders in an option series or group of series, either in a short period of time or over a longer period of time, with the intention of slowing the system to gain an advantage. Excessive Quoting Report The Excessive Quoting Report identifies when a participant is sending an extremely rapid stream of quotes in an option series or group of series either in a short period of time or over a longer period of time with the intention of slowing the system to gain an advantage. Continuous Quoting Report The Continuous Quoting Report identifies quoting violations by Market Makers who fail to satisfy their continuous quoting obligations. Post Opening Spread Report The Post Opening Spread Report identifies quoting spread violations by Market Makers who have exceeded their quote spread percentage on a daily basis. If you need any additional information regarding your Report HQ account please contact Nasdaq Subscriber Services at (212) 231-5180, Option 3 or via email Nasdaq Subscriber Services. If you have any questions regarding the reports or the content of the report please reach out to Nasdaq Market Regulation at (215) 496 5545. |
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