Tuesday, July 7, 2015

Equity Trader Alert #2015 - 107
UPDATE: Nasdaq Introduces Field Programmable Gate Array (FPGA) Order Entry Ports


  • Pricing

Markets Impacted:

Contact Information:


Furthering our commitment to providing best of breed exchange technology, Nasdaq plans to introduce Field Programmable Gate Array (“FPGA”) technology on the Nasdaq order entry port and gateway servers, including Dedicated OUCH. By taking advantage of hardware parallelism, FPGA technology is capable of processing more data packets during peak market conditions without the introduction of variable queuing latency resulting in more consistent, deterministic behavior.

UPDATE: We expect the rollout for order entry servers to be completed by the end of July 2015. This seamless upgrade does not require any action from customers.

Pending filing with the SEC, effective Monday, August 3, 2015, Nasdaq will make the following changes to port fees in conjunction with this rollout:

  • Nasdaq OUCH, FIX Lite (FLITE), RASH and FIX order entry ports will now be $575 per port pair per month
  • No fee changes will be applied  to DROP, QIX, CTCI, FIX for non-trading activity and market data ports


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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.