Friday, August 11, 2017

Equity Technical Update #2017 - 4
Nasdaq Adds New Settings for Post Only Orders for FLITE

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

As announced in Equity Trader Alert #2017 - 127, effective August 10, 2017, The Nasdaq Stock Market (“Nasdaq”) has updated two port/MPID settings on our FLITE Protocol. These new settings allow for Post Only orders to be cancelled if the order, upon entry, would be price slid due to locking or crossing a protected quote of another market center or a resting displayed order on the Nasdaq book. There are no updates to the FLITE Spec.



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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: business.nasdaq.com.