Search:
   

Thursday, January 28, 2016

Equity Trader Alert #2016 - 17
Nasdaq To Offer Additional NextShares Testing Prior To Planned Product Launch on February 26, 2016

Category:

  • Listing
  • Testing

Markets Impacted:

Contact Information:

Resources:

Eaton Vance Corp. (Eaton Vance) and Nasdaq, Inc. (Nasdaq) announced that the first NextShares™ exchange-traded managed fund, Eaton Vance Stock NextShares (Nasdaq: EVSTC) (the Fund), will list and begin trading on The Nasdaq Stock Market, LLC on Friday, February 26, 2016.

To ensure that firms are ready to handle NextShares, Nasdaq will offer a production user acceptance test on Saturday, February 6, 2016.

Nasdaq will also support a live NextShares test instrument beginning February 1, 2016. The proposed test symbols will be:

Purpose Test Symbol Source System
NextShares Trading Symbol ZVZZC Nasdaq exchange systems,

UTP SIP
NextShares Intraday Indicative Value (IIV) Data ZVZZC.IV Nasdaq Global Information Data Service (GIDS)
NextShares Daily Net Asset Value (NAV) Data ZVZZCNX Nasdaq Mutual Fund Quotation Service (MFQS)

The live test instrument will be supported on Nasdaq production systems. In order for a Nasdaq market participant firm to get access to the NextShares test instrument in the Nasdaq production environment, it must:

  1. Enter and verify NextShare test script in Nasdaq Test Facility (NTF) or during scheduled Saturday UAT.
  2. Complete and submit a NextShares Trading Addendum Form.

Please note that direct Nasdaq market data feed subscribers will automatically receive the test instrument in Directory and other message spins via production IP data channels on the specified start date. As noted in Data Technical News #2015 – 5, Nasdaq is reliant on third party data providers and market participants to generate other outbound message formats.

For more information on this new asset class, refer to the NextShares web page.

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

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.

View NASDAQTrader.com Mobile