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Tuesday, April 28, 2020

Equity Trader Alert #2020 - 25
Nasdaq Receives SEC Approval to Reduce the M-ELO Holding Period to 10ms

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

Nasdaq has received SEC approval to reduce the timer for Midpoint Extended Life Orders (M-ELO) and M-ELO + Continuous Book orders from 500 to 10 milliseconds. Nasdaq will implement this change on May 11, 2020.

Testing Opportunities

Testing is currently available in the Nasdaq Testing Facility (NTF). Production testing will be available during the May 2 User Acceptance Test (UAT).

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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.

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