Friday, November 10, 2017

Equity Trader Alert #2017 - 204
Nasdaq To Implement Enhancements to the Closing Cross Process


  • New Functionality

Markets Impacted:

Contact Information:


As announced in Equity Trader Alert #2017 – 194 and Equity Trader Alert #2017 - 176 ,The Nasdaq Stock Market (“Nasdaq”) has implemented enhancements to the closing cross. The final tranche of symbols are set to be rolled out this Monday, November 13th 2017. For symbols and their 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.

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