Thursday, February 21, 2013
Equity Technical Update #2013 - 9
NASDAQ Updates RASH/FIX Order Submission Specification
What you need to know:
What is happening?
Beginning February 25, 2013, RASH/FIX orders submitted to The NASDAQ Stock Market® (NASDAQ®), NASDAQ OMX BXSM (BXSM) and NASDAQ OMX PSXSM (PSXSM) with a Time-in-Force instruction of "Good Until Time" (FIX tag 59=6) and an Expire Time instruction (FIX tag 126) later than the current trading day will be rejected.
Previously, orders with these instructions were accepted by the system but expired on the current trading day.
Where can I find additional information?
- Please refer to the specifications page on the NASDAQ OMX Trader® website.
- Contact NASDAQ OMX Trade Desk at +1 212 231 5100.
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