Short Sale Monitor

Compliance for the SEC Alternative Uptick Rule

Short Sale Monitor Overview

The Short Sale Monitor is a compliance tool that displays real-time alerts and exception reports for trades affected by the SEC Alternative Uptick Rule.

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To access the Short Sale Monitor, you must subscribe to a NASDAQ Workstation or Weblink ACT 2.0. Subscription is on a per MPID basis. Once an MPID is subscribed, all Workstations and Weblink ACT terminals associated with that MPID will automatically receive access to the Short Sale Monitor.

Features and Functionality

The Short Sale Monitor provides real-time updates of securities added to or removed from the Short Sale Circuit Breaker list. The tool gives firms exception reports for trades reported to the FINRA/NASDAQ Trade Reporting FacilityTM (TRFTM) in securities on the list for the following trade circumstances:

  • Sold short, not marked exempt
  • Sold short, marked exempt
  • Sold short on an uptick
  • Marked exempt, but not on the circuit breaker list

The Short Sale Monitor provides the ability to set up custom email alerts for securities on the Short Sale Circuit Breaker list and a 30-day history of all covered securities and alerts.

Real-time and historical alerts for trades in the securities subject to the Short Sale Circuit Breakers on NASDAQ, BX and PSX are also available as add-on data packages.

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