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Product LoginFriday, September 6, 2019
Options Technical Update #2019 - 4
Nasdaq Options Markets Update SQF Technical Specifications
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All Nasdaq options markets have updated the Specialized Quote Feed (SQF) specification documents. These changes add an additional field that is required for exchange CAT reporting, indicating the time a quote event was sent to the exchange. PHLX/NOM/BX Technical Specifications The SQF 6.5a technical specification document has been updated to add the SentTimestamp field to the following messages:
ISE/GEMX/MRX Technical SpecificationsThe SQF 8.2a technical specification document has been updated to add the SentTimestamp field to the following messages:
This change is pursuant to the CAT reporting exemption for market maker quotations. Note that market maker IOC orders and auction responses (“SQF Sweeps”), as well as QUO orders, are not included in this exemption, and market makers must still report those events to CAT. Testing for this change will be available in January 2020, with the exact date to be announced in a future alert. |
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