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Wednesday, March 21, 2018

Options Technical Update #2018 - 8
UPDATED PHLX Updates SQF Specifications

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  • System Impact

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Nasdaq PHLX (PHLX) has updated the Specialized Quote Feed (SQF) specification documents.

UPDATE: Beginning Monday, April 9, these changes provide a more specific removal reason in the event of an order or quote removal due to a disconnected session. The implementation of this change will be completed by Friday, April 13, 2018.

PHLX Technical Specifications

The SQF 6.4O technical specification document has been updated to add an additional Purge Reason Code of Purge on Disconnect to the Underlying Purge Notification Message.

Please contact Market Operations with any questions.


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