Thursday, February 21, 2013

Equity Technical Update #2013 - 9
NASDAQ Updates RASH/FIX Order Submission Specification

Markets Impacted:

Contact Information:

What you need to know:

  • Beginning February 25, 2013, RASH/FIX orders submitted to NASDAQ, BX and PSX 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.

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?



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