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Monday, December 18, 2017

Options Trader Alert #2017 - 76
Nasdaq GEMX Re-Introduces QCC

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  • System Impact

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Effective Monday, February 26, 2018, Nasdaq GEMX (GEMX) will re-introduce Qualified Contingent Cross (QCC) orders. QCC orders will be permitted using the New Order Cross Message with CrossType (Tag 549) marked as “Q” for QCC on FIX 12.1.9.

GEMX will accept single option leg QCC orders only and participants will be responsible for printing the corresponding stock leg on an external equity venue.

This functionality will be available for testing in the GEMX NTF environment on Monday, January 29, 2018.

Please contact Market Operations with any questions.


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