Wednesday, May 16, 2012
Equity Technical Update #2012 - 17
NASDAQ IPO Reference and Testing Reminder
What you need to know:
What is being announced?
NASDAQ would like to remind members that there will be IPO testing available tomorrow, Thursday, May 17, 2012, in test security ZWZZT. The quoting period is scheduled to begin at 12:45 p.m., ET, with a scheduled release at 1:00 p.m., ET.
Members can refer to the NASDAQ IPO Cross Fact Sheet on the NASDAQ Trader® web page, which describes the IPO process in more detail, as well as which order types can be used to participate.
Additionally, members are reminded that they must comply with all applicable regulations, including FINRA 5131 and prohibitions against manipulative trading behavior.
Please note: while additional testing is being offered this week, NASDAQ OMX would like to reinforce that nothing in its IPO process or the commencement of regular trading after the opening print is changing. All NASDAQ IPOs are subject to the Exchange's approved rules, processed according to the same methodology and run on the same technical infrastructure.
Where can I find additional information?
- Refer to the NASDAQ IPO Cross Fact Sheet on the NASDAQ Trader web page.
- Contact NASDAQ OMX Trade Desk at +1 212 231 5100.
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About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.