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Monday, September 18, 2023

Equity Trader Alert #2023 - 46
Update in Timing: Nasdaq Introduces Contra Midpoint Only (CMO) Order Type

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

As previously announced in ETA #2023-4, Nasdaq will be introducing the Contra Midpoint Only (CMO) order type. The rollout of this functionality is delayed and will be tentatively rolled out in Q1 2024, subject to SEC approval. A subsequent ETA will be sent once the launch date is finalized.

Please refer to the Resources section for the original ETA and technical details.

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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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