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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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.