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Friday, February 5, 2010

Data Technical News #2010 - 5
NASDAQ OMX to Support Symbol Directory and Trading Action Messages on NASDAQ GLIMPSE and BX GLIMPSE

Markets Impacted:

  • The NASDAQ Stock Market
  • NASDAQ OMX BX

Products Impacted:

  • NASDAQ GLIMPSE 4.0
  • NASDAQ GLIMPSE 3.1
  • BX GLIMPSE 4.0
  • BX GLIMPSE 3.1

Contact Information:

What you need to know:

  • Effective Monday, March 1, 2010, NASDAQ OMX will begin to support Symbol Directory and Trading Action messages on the NASDAQ GLIMPSE and BX GLIMPSE products.
  • NASDAQ OMX is adding the two administration messages to ensure that NASDAQ GLIMPSE and BX GLIMPSE subscribers have the current trading status for all NASDAQ-, NYSE-, NYSE Amex- and NYSE Arca-listed securities at the time of the order book refresh request.

What are the NASDAQ GLIMPSE and BX GLIMPSE products?

NASDAQ GLIMPSE is an optional retransmission facility for the NASDAQ TotalView-ITCHSM service that provides firms with a current state of the NASDAQ® order book at any given point during the trading day.

BX GLIMPSE is an optional retransmission facility for the BX TotalView-ITCH service that provides firms with the current state of the NASDAQ OMX BXSM (BX) order book at any given point during the trading day.

As of March 1, 2010, NASDAQ OMX® supports the following versions of the NASDAQ GLIMPSE and BX GLIMPSE service:

Market Venue GLIMPSE Versions TotalView-ITCH Versions
NASDAQ NASDAQ GLIMPSE 4.1 (Binary - Symbology compliant) NASDAQ TotalView-ITCH 4.1
NASDAQ GLIMPSE 4.0 (Binary) NASDAQ TotalView-ITCH 4.0
NASDAQ GLIMPSE 3.2 (ASCII, Symbology compliant) NASDAQ TotalView-ITCH 3.2
NASDAQ GLIMPSE 3.1 (ASCII) NASDAQ TotalView-ITCH 3.1
BX BX GLIMPSE 4.1 (Binary - Symbology compliant) BX TotalView-ITCH 4.1
BX GLIMPSE 4.0 (Binary) BX TotalView-ITCH 4.0
BX GLIMPSE 3.2 (ASCII, Symbology compliant) BX TotalView-ITCH 3.2
BX GLIMPSE 3.1 (ASCII) BX TotalView-ITCH 3.1

What is changing?

To ensure that firms have the trading status information for all securities in the NASDAQ or BX order books, NASDAQ OMX is adding Stock Directory (Type R) and Trading Action (Type H) messages to the NASDAQ GLIMPSE and BX GLIMPSE products.

Please note that GLIMPSE will use the same Stock Directory and Trading Action messages as the associated TotalView-ITCH direct data feed product.

On GLIMPSE, NASDAQ OMX will begin the retransmission with a full Stock Directory spin for all NASDAQ-, NYSE-, NYSE Amex- and NYSE Arca-listed issues set up on the NASDAQ or BX trading platform. Following the spin, NASDAQ OMX will disseminate the current trading status as well as open orders for all active securities in the NASDAQ or BX systems at the time of the GLIMPSE retransmission request.

When will firms begin to see the Trading Action and Symbol Directory messages on the NASDAQ GLIMPSE and BX GLIMPSE products?

NASDAQ OMX will support the Stock Directory and Trading Action messages on NASDAQ GLIMPSE and BX GLIMPSE beginning Monday, March 1, 2010.

Please note that existing NASDAQ GLIMPSE and BX GLIMPSE customers will automatically see the Stock Directory and Trading Action messages, effective Monday, March 1, 2010.

How can I order NASDAQ GLIMPSE or BX GLIMPSE?

To add NASDAQ GLIMPSE or BX GLIMPSE to the network configuration, an existing NASDAQ TotalView-ITCH or BX TotalView direct data feed subscriber must submit the following documentation below and receive prior approval from NASDAQ OMX:

For the complete list of NASDAQ agreements and forms, please refer to the NASDAQ OMX Global Data Products Administration page on the NASDAQ OMX Trader® website.

Where can I find additional information?

Please follow Nasdaq on Facebook RSS and Twitter.

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 $13 trillion. To learn more, visit: business.nasdaq.com.

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