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Tuesday, October 2, 2012

Equity Trader Alert #2012 - 41
NASDAQ OMX Introduces ACT Reject Scan

Markets Impacted:

Contact Information:

What you need to know:

  • NASDAQ OMX now offers ACT Reject Scan, a new scan feature for the NASDAQ Workstation and Weblink ACT.
  • Reject Scan allows firms to easily search for and repair rejected ACT trade reports.
  • Reject Scan will be available for free to all users for October 2012.

What has been introduced?

NASDAQ OMX® has added a new scan, Reject Scan, to the NASDAQ Workstation and Weblink ACT. This new scan allows customers to easily review all rejected ACT trade entries at a glance.

How does the scan work?

Operating similarly to the current trade scan functionality, Reject Scan returns a list all rejected ACT trade reports to reduce customer search time. The scan includes rejects of reports submitted across the firm, by an OMS, CTCI or FIX connection, or the NASDAQ Workstation. Criteria options allow you to narrow your search, including searching by specific reject reasons.

Sign up for a free web demo on Wednesday, October 3rd at 1:00 p.m. ET, or Friday, October 5th at 2:00 p.m. ET. Upon receipt of your request, web and call details will be emailed to you.

How can I subscribe?

All NASDAQ Workstation and Weblink ACT users will automatically have free access to Reject Scan for the month of October. To retain access after October, customers must subscribe via the Front-End Request Form. Effective November 1st, Reject Scan will be $75 per user, per month, pending approval by the Securities and Exchange Commission (SEC).

Where can I find more information?


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