Thursday, July 12, 2018
Options Technical Update #2018 - 13
Nasdaq ISE, GEMX, and MRX Update OTTO Specifications for PIM Responses
Category:
Markets Impacted:Contact Information:
Resources: |
Nasdaq ISE (ISE), Nasdaq GEMX (GEMX), and Nasdaq MRX (MRX) will update the OTTO 2.1.3 specifications to support additional Order Capacities within the auction response to the Price Improvement Mechanism (PIM). Currently, OTTO prevents PIM responses with an Order Capacity of “B” (Broker-Dealer – Customer) or “O” (Other-Exchange Registered Market Maker). With this enhancement, there will be no Order Capacity restriction for PIM responses. This enhancement impacts both the New Order – Long and New Order – Short messages for both simple and complex PIM auction responses, and will be implemented on the following dates:
ISE: Monday, July 30 Please contact Market Operations at +1 215 496 1571 with any questions. |
---|
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.