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Tuesday, June 12, 2007

Data News #2007 - 46
NASD Data Feeds Early Closing Schedule for Tuesday, July 3, 2007

Please Route To:
  • Direct NASD data feed recipients
  • Market data redistributors

Data Feed Impacted:
  • Bulletin Board Dissemination Service (BBDS)
  • Trade Data Dissemination Service (TDDS)
  • Bond Trade Dissemination Service (BTDS)

Summary:
  • On Tuesday, July 3, 2007, NASD plans to close its systems three hours early.
  • To accommodate the early close, NASD will modify its transmission schedules for the BBDS, TDDS and BTDS data feeds on July 3rd.
  • NASD will also be closed on Wednesday, July 4, 2007, in observation of Independence Day.

Background:
NASD will close its systems three hours early on Tuesday, July 3, 2007:

Early Closing Schedule for Tuesday, July 3, 2007

NASD System Regular Market Close (ET) Extended Trading Hours Close (ET)
OTC Bulletin Board (OTCBB) 1:00 p.m. 3:30 p.m.
ACT Trade Reporting System for OTCBB and other over-the-counter equities 1:00 p.m. 5:00 p.m.
TRACE Trade Reporting System for US corporate bonds 1:00 p.m. 3:30 p.m.

NASD will also be closed for business on Wednesday, July 4, 2007, in observation of Independence Day.

Data Transmission Schedules for July 3, 2007:
In conjunction with the early market close, NASD will modify its data feed transmission schedules for BBDS, TDDS and BTDS for Tuesday, July 3, 2007:

Bulletin Board Dissemination Service (BBDS)

Adjusted Time (ET) Message Transmission Message Category Message Type(s)
1:00 p.m. U.S. Session Close control message C C
3:30 p.m. End of OTCBB Market Participant and Inside quotation Q 1

Trade Data Dissemination Service (TDDS)

Adjusted Time (ET) Message Transmission Message Category Message Type(s)
1:00 p.m. U.S. Session Close control message C C
2:20 p.m. Initial Instance of the Closing Trade Summary Report for OTCBB and other Over-The-Counter (OTC) equities A 1
5:10 p.m. End of Trade Reporting control message C X
5:10 p.m. Final Instance of the Closing Trade Summary Report for OTCBB and other OTC equities A 1

Please note that on an early close day, OTCBB and OTC equity trade transactions reported to ACT after 1:00 p.m., ET, should be marked with the “.T” or “.U” sale condition.

Bond Trade Dissemination Service (BTDS)

Adjusted Time (ET) Message Transmission Message Category Message Type(s)
8:00 a.m. to 3:30 p.m. Trade-related messages for eligible TRACE bonds T A, B, C
1:00 p.m. U.S. Market Close control message C C
1:01 p.m. Daily Trade Summary message spin A C
4:05 p.m. End of Trade Reporting control message C X

Please note that on an early close day, corporate bond trades entered into the TRACE system after 1:00 p.m., ET, will be appended with the “.A” sale condition.

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