Tuesday, October 09, 2012

Equity Technical Update #2012 - 31
Market Maker Peg Orders Available on NASDAQ, AQR to Discontinue End of 2012

Markets Impacted:

Contact Information:

What you need to know:

  • Market Maker Peg Orders are now available on NASDAQ.
  • Automated Quote Refresh (AQR) functionality will be discontinued at the end of 2012, pending filing with the SEC.

What is being introduced?

Market Maker Peg Orders are now available on The NASDAQ Stock Market® (NASDAQ®).

What are Market Maker Peg Orders?

The Market Maker Peg Order (MMPO) is an order type that helps NASDAQ market makers meet their quoting obligations in their registered securities. The MMPO is a one-sided, attributable limit order whose price is automatically adjusted in order to comply with the Exchange's rules regarding market maker quotation requirements and obligations.

What is being discontinued?

AQR functionality will be discontinued at the end of Q4 2012, pending filing with the Securities and Exchange Commission (SEC).

Where can I find additional information?


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