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Thursday, August 27, 2015

Equity Technical Update #2015 - 13
Update to Nasdaq Routing Liquidity Codes

Category:

  • System Impact

Markets Impacted:

  • The Nasdaq Stock Market

Contact Information:

Resources:

Effective Tuesday, September 1, 2015, Nasdaq will have updated liquidity codes for routing to ARCA in the Open, Close, or re-Open on ARCA.

Update to liquidity codes for Nasdaq Routing

Liquidity Code
 Description
T
 Executed in Open, Close, or re-Open on ARCA

As a consequence of the update liquidity code 'Z' will no longer be used to indicate "On-Close order (on ARCA)."

Please refer to the Specifications Page for more information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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