Search:
   

Monday, October 23, 2017

Equity Trader Alert #2017 - 194
REMINDER: Nasdaq to Resume Implementation for Enhancements to the Closing Cross Process

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

As announced in Equity Trader Alert #2017 - 189, The Nasdaq Stock Market (“Nasdaq”) paused the initial rollout schedule to provide further test opportunities. On October 30th Nasdaq will resume the implementation of the enhancements to the closing cross.

The three symbols that have been rolled out, VSAT, TEAM, and UNIT, will maintain the new functionality. The remaining symbols will be phased in beginning October 30, 2017. For symbols and their revised implementation date, click here.

As announced in Equity Technical Update #2017 - 3, Nasdaq has added one new reject order reason for LOC orders that are rejected because there is no Reference Price in the first NOII dissemination:

Reason Explanation
o There is no reference price in the first NOII dissemination and so no LOC orders can be accepted in this stock at this time.

Testing Opportunities

Testing is currently available both in the Nasdaq Testing Facility (NTF), and in production using test symbol ZVZZT. We will also provide testing opportunities during the October 28th UAT.

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