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Wednesday, June 25, 2008

Options Technical Update #2008 - 3
Reminder: NASDAQ Options Market Adds Optional Tag to FIX

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Options Contacts

What you need to know:

  • Beginning Monday, June 30, 2008, The NASDAQ Options Market will make changes to the FIX interface in support of the Options Symbology Initiative (OSI).

Who you should contact:


What has changed?

On Monday, June 30, 2008, The NASDAQ Options MarketSM will begin accepting a new optional tag #205 – Maturity Day, defined as “DD”, in the FIX interface in support of the Options Symbology Initiative (OSI).

How will the tag be processed on inbound messages?

Tag #205 inbound messages will be processed as follows:

  • Not supplied on input – the FIX message will be processed as it is today.
  • Supplied on input – the tag will be used to validate the input message.

     

      If it is incorrect, the input message will be rejected.
      If it is correct, the input message will be processed.

How will the tag be populated on outbound messages?

Tag #205 will be populated on all outbound FIX acknowledgements or execution reports in the following ways:

  • Not supplied on input – the tag will be populated with data from The NASDAQ Options Market.
  • Supplied on input – the tag will be populated with data that was supplied on input.

Are testing opportunities available?

Yes, customer testing for The NASDAQ Options Market is available daily in the NASDAQ Test Facility.

For more information or to coordinate the testing, contact NASDAQ Trading Services at +1 212 231 5100.

What do I need to do?

Where can I get additional information?



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