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Friday, February 22, 2008

Equity Trader Alert #2008 - 20
NASDAQ Reschedules Second Phase of Stock Symbol System Changes

Head Traders; Technical Contacts; Compliance Officers; NASDAQ Vendor Technical Contacts

What you need to know:

  • As announced in Head Trader Alert #2007-183, NASDAQ plans to convert all NASDAQ-listed issues with a fifth-character modifier to the Integrated Platform suffix symbology and adopt the Integrated Platform suffix symbology for all NASDAQ-listed subordinate issues.
  • NASDAQ is modifying the implementation date of this change to Saturday, September 13, 2008.
  • In addition, NASDAQ has cancelled the weekend UAT scheduled for Saturday, February 23, 2008.

Who you should contact:

NASDAQ Symbology Team

Why is NASDAQ rescheduling the second phase of stock symbol system changes?

NASDAQ® has received a variety of important feedback on this project and while many firms have indicated that they are prepared, other firms have indicated that they cannot be ready by April. After receiving input from specific clients and industry groups, NASDAQ has decided to postpone the implementation of the second phase of the NASDAQ Stock Symbol System Changes effort to Saturday, September 13, 2008. NASDAQ feels it is prudent to announce this delay while we gather additional information regarding firms’ readiness on an individual basis.

Is this weekend’s test cancelled?

Yes, the weekend User Acceptance Test (UAT) planned for Saturday, February 23, 2008 is cancelled.

Where can I get additional information?


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