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Wednesday, October 17, 2007

Equity Trader Alert #2007 - 209
NASDAQ to Include All Securities in Opening and Closing Crosses on Monday, November 5, 2007

Please Route To: Head Traders; Technical Contacts; Compliance Officers; NASDAQ Vendor Technical Contacts; Buy-Side Contacts

What you need to know:

  • NASDAQ will complete the roll-out of adding non-NASDAQ listed securities into the NASDAQ Opening and Closing Crosses with approximately 5,000 additional securities on Monday, November 5, 2007.
  • NASDAQ continues to offer testing in the NASDAQ Testing Facility (NTF) and in production with test stock ZVV. Additionally, NASDAQ will hold a User Acceptance Test (UAT) in advance of the roll-out, on November 4, 2007.
Who you should contact: NASDAQ Market Sales at 800.846.0477

What is the next roll-out phase for non-NASDAQ listed stocks in the NASDAQ Opening and Closing Crosses?
As previously announced in Head Trader Alert #2007-095 and in Head Trader Alert #2007-203, NASDAQ® rolled out 37 non-NASDAQ listed securities in the NASDAQ Opening and Closing Crosses. On Monday, November 5, 2007, NASDAQ will complete this roll-out by adding approximately 5,000 additional securities into the NASDAQ Opening and Closing Crosses.

NASDAQ still offering testing?
Yes, firms can test in the following ways:

  • NASDAQ is currently offering testing in the NTF.
  • Firms can use test stock ZVV in production. Please note: ZVV works in production only in NASDAQ's production system and information is only disseminated on NASDAQ data feeds*.
  • NASDAQ will hold a UAT on Sunday, November 4, 2007. Details to follow.

What will NASDAQ charge?
The current fee schedule for Opening and Closing Crosses in NASDAQ-listed stocks applies to activity in the Opening and Closing Crosses in non-NASDAQ listed stocks, including the cap on monthly fees for executions that occur in the Opening Cross. If a firm currently hits the monthly fee cap for the Opening Cross, no additional charges will apply for executions in non-NASDAQ listed stocks. Refer to NASDAQ’s pricing page on the NASDAQ Trader® website for complete pricing information.

Where can I get additional information?

* SIAC does not support data dissemination of ZVV.


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