Monday, May 21, 2012

Equity Technical Update #2012 - 19
NASDAQ OMX Announces Rollout Schedule for Upcoming Enhancements

Markets Impacted:

Contact Information:

What you need to know:

  • NASDAQ OMX® is announcing production dates for the following upcoming enhancements on The NASDAQ Stock Market® (NASDAQ®), NASDAQ OMX BXSM (BXSM) and NASDAQ OMX PSXSM (PSXSM):
    • OUCH versions 4.2 and 3.3 will be effective on Friday, June 1, 2012.
    • Automatic resubmission of OUCH orders that are price slid due to Reg NMS will be effective on Monday, June 11, 2012.
    • The Modify Order Message type supported by OUCH versions 4.2 and 3.3 will be effective on Monday, June 25, 2012.

What is being announced in regard to OUCH versions 4.2 and 3.3?

OUCH Versions 4.2 and 3.3 will be available on Friday, June 1, 2012, on NASDAQ, BX and PSX. These versions will support two new features: BBO Flag, a new field on order acknowledgments that indicates the "Weighting Factor" for the submitted order, and Order Priority Message, a new message type indicating an order's priority has been adjusted by the system.

For more information, refer to ETU 2012-15.

What is being announced in regard to automatic resubmission of OUCH orders that are price slid due to Reg NMS?

Automatic resubmission of OUCH orders that are price slid due to Reg NMS will be effective on Monday, June 11, 2012, on NASDAQ, BX and PSX, pending review with the Securities and Exchange Commission (SEC).

Automatic resubmission is selected on a port-by-port basis. Please note: members must opt in to this feature.

For more information, refer to the Price Sliding fact sheet and ETU 2012-15.

What is being announced in regard to the Modify Order Message type supported by OUCH versions 4.2 and 3.3?

The Modify Order Message type supported by OUCH versions 4.2 and 3.3 will be effective on Monday, June 25, 2012 on NASDAQ, BX and PSX. This message type will be used to request modifications that do not affect order priority on the book.

For more information, refer to ETU 2012-15.

Where can I find additional information?


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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.

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