Tuesday, May 15, 2018

Equity Trader Alert #2018 - 40
Nasdaq to Introduce Price Improvement Only Option for Midpoint Extended Life Orders


  • New Functionality

Markets Impacted:

Contact Information:


Subject to SEC approval, The Nasdaq Stock Market will introduce a new “Price Improvement Only” option for Midpoint Extended Life Orders (“M-ELO”) in July 2018.

The Price Improvement Only option will be available on an order-by-order basis, and will provide participants the ability to specify that the M-ELO order will execute only in circumstances where the NBBO midpoint provides the order with price improvement as measured against its limit price.

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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.