Search:
   

Monday, September 17, 2012

Equity Technical Update #2012 - 28
Primary Pegs with Offsets Converted to Non-Display on NASDAQ, BX and PSX

Markets Impacted:

Contact Information:

What you need to know:

  • Primary Pegs with Offsets are required to be non-display on NASDAQ, effective Monday, September 17, 2012.
  • UPDATE: Primary Pegs with Offsets will be required to be non-display on BX and PSX, effective Monday, October 15, 2012.

What are Primary Peg Orders?

Primary Peg Orders are orders that, once entered, adjust in price automatically, in response to changes in the inside bids or offers on NASDAQ or other exchanges, depending upon the type of Pegged Order. A Primary Peg Order specifies that its price will equal the inside quote on the same side of the market; a Market Peg Order will equal the inside quote on the opposite side of the market.

What is changing in regard to Primary Peg Orders?

Primary Pegs with Offsets are currently required to be non-display on The NASDAQ Stock Market® (NASDAQ®). UPDATE: Primary Pegs with Offsets will be required to be non-display on NASDAQ OMX BXSM (BXSSM) and NASDAQ OMX PSXSM (PSXSM), effective Monday, October 15, 2012. This functionality change will reduce the frequency of quote updates away from the NBBO.

Where can I find additional information?


Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

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.

View NASDAQTrader.com Mobile