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Wednesday, April 17, 2019

Options Trader Alert #2019 - 13
UPDATE: MRX to Introduce Complex Order Handling

 

Category:

  • System Impact

Markets Impacted:

  • Nasdaq MRX

    • Contact Information:

    Resources:

  • MRX Complex Introduction FAQ
    		•

    Pending SEC approval, Nasdaq MRX will introduce complex order handling on Monday, June 24, 2019. MRX will support the same complex order functionality currently available on ISE.

    More details are available in the FAQ.

    Nasdaq Options Test Facility (NTF) Connectivity

    The Port Request Form for the NTF environment for MRX is now available for requesting FIX, OTTO or SQF ports. Nasdaq Subscriber Services will provide IP and connectivity details as participants request ports. Participants that want to gain access the MRX spread feed in NTF should note the request in the ‘Additional Comments’ section of the Port Request Form. The NTF environment is currently available for participant testing.

    Conformance Testing

    Conformance testing will be required in the NTF environment prior to participants gaining production access to MRX complex order functionality only if participants have not previously completed conformance for complex functionality on ISE.

    MRX Spread Feed

    NASDAQ will offer the Nasdaq MRX Spread Feed – comprised of four components: Top Quote, Depth of Market, Order and Trade information for complex instruments only. This feed will be offered on the same day complex order functionality is introduced on Nasdaq MRX, Monday, June 24, 2019.

    The Nasdaq MRX Spread Feed will share the same specifications as the Nasdaq ISE Spread feed.

    Please refer to DTN#2019-8 for additional details on the Spread Feed and ordering procedures.

    If you have additional questions, please contact Market Operations.

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