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Thursday, May 24, 2012

Data Technical News #2012 - 11
NASDAQ OMX Will Introduce New Event Codes for MFQS Daily List on June 25, 2012

System Impacted:

  • Mutual Fund Quotation Service (MFQS)

Products Impacted:

  • MFQS Daily List / MFQS Registration Service

Contact Information:

What you need to know:

  • NASDAQ OMX will introduce new event codes for the MFQS Daily List files as of Monday, June 25, 2012.
  • The new event codes are intended to streamline processing of MFQS listing changes for the market data community.
  • To help firms prepare for the release, NASDAQ OMX will post sample MFQS Daily List files to www.nasdaqomxtrader.com approximately one week prior to the release date.

What is changing?

NASDAQ OMX is streamlining its MFQS Daily List processing to more efficiently handle cancelled or reversed fund corporate actions. As part of the process, NASDAQ OMX will modify the allowable MFQS Event Code values for the MFQS Daily List as of Monday, June 25, 2012.

What are the new MFQS Daily List Event Code values?

As of June 25th, the new MFQS Event Code values for the MFQS Daily List files will be:

MFQS Event Code Description Processing Notes
Addition Denotes a new instrument to be added to the MFQS system on the stated effective date. This is an existing event code. For additions, the MFQS Daily List populates those fields marked "New" only.
Deletion Denotes an instrument to be deleted from the MFQS system on the stated effective date. This is an existing event code. For additions, the MFQS Daily List populates those fields marked "Current" only.
UIT Replacement Denotes a new Unit Investment Trust (UIT) instrument is being added to the MFQS system as a replacement for an existing UIT instrument. This is an existing event code. For UIT replacements, the MFQS Daily List fields marked as "Current" reflect the outgoing UIT information and the fields marked as "New" reflect the incoming UIT information.
MFQS Attribute Change Denotes that one or more of the listing attributes of an existing instrument is being updated in MFQS system. This is an existing event code. For MFQS Attribute Changes, NASDAQ OMX populates "Current" and "New" fields. Firms should process both to determine which data elements are being updated.
Restore Denotes that NASDAQ OMX is reinstating an instrument to the MFQS system on the stated effective date. This is a new event code. For restores, the MFQS Daily List will populate those fields marked "New" only because the processing logic is closest to addition.
Withdraw - Addition Denotes that the issuer is cancelling a previously announced instrument addition prior to the stated effective date. This is a new event code. Upon receipt of this MFQS Daily List event, firms should remove the pending MFQS addition record from databases.
Withdraw - Deletion Denotes that the issuer is reversing a previously announced instrument deletion prior to the stated effective date. This is a new event code. Upon receipt of this MFQS Daily List event, firms should remove the pending MFQS deletion record from databases.
Withdraw - UIT Replacement Denotes that the issuer is cancelling a previously announced UIT replacement event prior to the stated effective date. This is a new event code. Upon receipt of this MFQS Daily List event, firms should remove the pending UIT replacement record from databases.
Withdraw - MFQS Attribute Change Denotes that the issuer is cancelling a previously announced MFQS instrument change request prior to the stated effective date. This is a new event code. Upon receipt of this MFQS Daily List event, firms should remove the pending MFQS attribute change record from databases.
Withdraw - Restore Denotes that NASDAQ OMX is cancelling a previously announced Restore action prior to the stated effective date. This is a new event code. Given the procedural precautions put in place, NASDAQ OMX should rarely, if ever, use this event code.

Please refer to the MFQS Daily List / MFQS Registration Service specification document for field level processing information for each of these event codes.

When will NASDAQ OMX offer sample data files for the MFQS Daily List release?

NASDAQ OMX will post a Data Technical News item with sample data files containing the new event codes no later than Wednesday, June 13, 2012. In creating the sample files, NASDAQ OMX plans to replicate records from actual MFQS Daily List postings.

What other MFQS website changes will be included the upcoming release?

For all MFQS website users, NASDAQ OMX will modify the MFQS Daily List query page to support the new event codes.

For MFQS pricing agent users, NASDAQ OMX will add a new function to Today's Price History page to download a report for all MFQS instruments priced by their firm.

Where can I find additional information?


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