Monday, October 23, 2017

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


  • New Functionality

Markets Impacted:

Contact Information:


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.

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