Welcome to NASDAQtrader.com for Options and Futures

Tuesday, November 11, 2025

Options Trader Alert #2025 - 32
Update: Nasdaq PHLX Announces Re-Platform Symbol Migration Schedule

Category:

  • System Impact

Markets Impacted:

Contact Information:

Resources:

As previously announced in OTU-2024-17, Nasdaq will migrate Nasdaq PHLX ("PHLX") to a new platform with an enhanced suite of functionality in November 2025 . PHLX will begin migrating symbols to the new platform as of November 3, 2025, per the detailed symbol migration noted below.

Participants will continue to utilize Specialized Quote Feed (SQF) v9.0, and CTI v3.0 on their new PHLX platform connections for symbols as they migrate to the new platform, while continuing to leverage existing connectivity for symbols that have not yet migrated. Additionally,  participants may continue to utilize their current PHLX FIX connections for all symbols throughout the symbol migration, but new tags/features will not be available to participants until they migrate to their new FIX v13.4 ports. Participants may also leverage new FIX v13.4 ports to interact with symbols that have migrated to the new platform, while continuing to leverage existing FIX connectivity for symbols that have not yet migrated. 

Participants will be required to cancel GTC orders prior to migrating to their new ports and prior to symbols migrating to the new platform. Any GTC orders remaining after the close on the Friday prior to each symbol migration will be canceled by market operations.

Additional details on FIX port migration behavior can be found in the PHLX Fusion Re-platform FAQ.

Market Data related to PHLX symbols, which have migrated to the new platform, will only be available through the new platform related interfaces or market data feeds. Participants will continue to receive data via current IP addresses for symbols that have not yet migrated. Further details regarding the transition of the Proprietary Data Feeds can be found in the PHLX Fusion Re-platform FAQ.

Note, PHLX will not charge port fees during the migration for duplicate member ports on SQF, FIX, SQF Purge, and CTI.

Detailed Symbol Migration Schedule:

Date  Status Number of Symbols Migrating
Monday, November 3, 2025

Completed

BSX, COIN, IREN, MSTR, OSCR, PEP, PCT, SNOW, UNH, WMT

Monday, November 17, 2025  

Scheduled 

ARKK, AVGO, C, FXI, GOOG, HOOD, INMB, MRVL, MSFT, NBIS, NDX, PDD, QUBT, RGTI, SMCI, SOFI, TSSI, UBER, UMAC, XLE
Monday, December 8, 2025   

Scheduled 

 All Remaining Symbols

The specialist and the security name will be available in the Symbol Rollout List. Please contact U.S. Market Operations with questions.







   

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.