RSS Feeds
Product LoginFriday, February 1, 2013
Options Technical Update #2013 - 1
PHLX Updates CTI and FIX specifications to Support Order Exposure Alert Executions and LULD
Markets Impacted:Contact Information:
|
What you need to know:
|
|---|
What is changing?
NASDAQ OMX PHLXSM (PHLX®) is updating liquidity codes on CTI and FIX in order to support executions resulting from Order Exposure Alerts.
| Date | Protocol | Liquidity Code | Description |
|---|---|---|---|
| 2/4/13 | CTI v1.3 | J | Participant's order triggered an Order Exposure Alert and executed during exposure period |
| 2/4/13 | CTI v1.3 | K | Participant responded to an Order Exposure Alert and executed against exposed order during exposure period |
| 3/1/13 | FIX | J | Participant's order triggered an Order Exposure Alert and executed during exposure period |
PHLX is also updating the FIX specification to include a new market order reject code in support of the April 8, 2013 implementation of Limit Up/Limit Down:
| Tag 103 OrdRejectReason | Text | Description |
|---|---|---|
| 17 | "MKT INVALID DURING LULD" | MKT Order cancelled or rejected due to underlying being in Limit Up Limit Down state. |
What do I need to do to get the new liquidity codes on CTI and FIX?
Firms should notify subscriber services to have the new liquidity codes enabled for their ports. Subscriber Services can be reached at: +1 212 231 5180 or subscriberservices@nasdaqomx.com.
Where can I find additional information?
- Refer to PHLX CTI and FIX specifications on the NASDAQ Trader® website.
- Contact PHLX Market Operations at +1 215 496 1571.
Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form
Please follow Nasdaq on 
Facebook 
RSS and
Twitter.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
