Tuesday, June 15, 2010

Data News #2010 - 13
Market Data Impact of NASDAQ OMX Europe Termination

Markets Impacted:

  • NASDAQ OMX Europe (NEURO)

Products Impacted:

  • NEURO TotalView-ITCH
  • NEURO Europe Trade Feed
  • NEURO Historical TotalView-ITCH

Contact Information:

What you need to know:

  • NASDAQ OMX® recently announced that it would cease operation of NASDAQ OMX EuropeSM (NEUROSM) on or about July 1, 2010.
  • NASDAQ OMX has entered into negotiations with Equiduct to allow for NEURO participants to transition circuits to the Equiduct trading platform and Equiduct Data Feed product.
 

What is changing?

On April 28, 2010, NASDAQ OMX announced that it decided to close NEURO, NASDAQ OMX’s pan-European multilateral trading facility (MTF).

On May 18, 2010, NASDAQ OMX signed a letter of intent with Equiduct to provide NEURO market participants with the option to transition to the Equiduct platform for trading and market data.

For additional details, please refer to the NASDAQ OMX Europe website.

When is the last day of trading for NEURO?

The last day of trading on NEURO is expected to be Thursday, July 1, 2010.

What is the transition plan for the NEURO real-time data feed products?

NASDAQ OMX offered two data feed products for the NEURO market:

  • NASDAQ OMX Europe (NEURO) TotalView-ITCH
  • NASDAQ OMX Europe (NEURO) Trade Feed

When NEURO closes, NASDAQ OMX will officially cease support for these data feed products.

As part of the Equiduct transition option, however, firms may elect to have their NEURO TotalView-ITCH lines switched to the Equiduct Data Feed. For more information on the Equiduct product, please refer to the Market Data section of the Equiduct website or contact the Equiduct sales team at +44(0)20 3102 4080.

The NEURO Trade Feed is not included in the Equiduct transition. Once the NEURO market closes, NASDAQ OMX will disconnect all NEURO Trade Feed circuits.

What are NASDAQ OMX’s plans for the Historical NEURO data?

As noted in Data News #2009-38, NASDAQ OMX introduced a Historical NEURO TotalView-ITCH product in August 2009.

With the market closing, NASDAQ OMX will stop posting new data files for the NEURO Historical TotalView-ITCH product as of July 1, 2010.

The NEURO Historical TotalView-ITCH product is not included in the Equiduct transition. Though the NEURO market is closing, NASDAQ OMX plans to retain the Historical NEURO TotalView-ITCH data files from August 26, 2009 to July 1, 2010. Firms interested in the NEURO historical data should contact NASDAQ OMX Global Data Products at +1 301 978 5307 or + 45 33 93 33 66.

Where can I find additional information?

  • Refer to the NASDAQ OMX Europe (NEURO) website.
  • Refer to the Equiduct website.
  • Contact NASDAQ OMX Global Data Products at +1 301 978 5307 or + 45 33 93 33 66.

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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.

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