Welcome to NASDAQtrader.com for Options and Futures

Thursday, December 3, 2009

Options Technical Update #2009 - 13
The NASDAQ Options Market Reminds Firms of OSI Scripted Industry Testing on December 12, 2009

Markets Impacted:

  • The NASDAQ Options Market

Contact Information:

What you need to know:

  • All firms must be in compliance with the Options Symbology Initiative (OSI) no later than February 12, 2010.
  • The next Scripted Industry Test is scheduled for Saturday, December 12, 2009.
  • All participating firms must register with The NASDAQ Options Market by Monday, December 9, 2009.

Do firms need to register for the upcoming Scripted Industry Test?

A Phase II Scripted Industry Test will be held on Saturday, December 12, 2009. This test, similar to the November 14, 2009, test, will simulate a step in the consolidation process and subsequent trading and clearing using a combination of converted underlying symbols and classes and post-consolidation underlying symbols and classes. Firms are required to register for the test with The NASDAQ Options MarketSM (NOM) by December 9, 2009. Registration allows NOM to properly configure the registrant’s OSI-compliant interfaces in the NOM system.

A firm wishing to test with NOM on December 12th must register directly with the exchange even if the firm has already registered with The Options Clearing Corporation (OCC).

How do I register for the December 12th test?

Firms can register for testing in advance by contacting NASDAQ OMX Trading Services at +1 212 231 5180. Registration must be completed by December 9, 2009.

What is the Scripted Industry Test?

The Scripted Industry Test provides a testing arena in which Broker-Dealers, exchanges, utilities, and market data vendors can practice the overall OSI implementation prior to the February 12, 2010, launch date.

What interfaces are affected?

All of the NOM trading platform interfaces are affected by the OSI initiative:

  • Trading System Interfaces
    • FIX to trade options
    • OTTO
    • NOMAD
    • NOMAD/OTTO Drop
  • Market Data
    • ITCH to Trade Options (ITTO)
    • Depth at Price (DAP)
    • Best of NASDAQ Options (BONO)
    • Options NOIView

Where can I find more information?

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

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.