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Wednesday, October 11, 2023

Equity Trader Alert #2023 - 55
Nasdaq Announces November 30, 2023 as the WorkX Migration Deadline for Nasdaq Workstation, ACT Workstation, and Weblink ACT users

Category:

  • System Impact

Markets Impacted:

Contact Information:

Resources:

Nasdaq Workstation, ACT Workstation, and Weblink ACT (“Legacy Workstation") services are approaching end-of-life. All legacy Workstation users must be fully migrated to WorkX™ by November 30, 2023 to avoid service disruption when the Legacy Workstation logins are decommissioned.

Legacy Workstation and add-on services, as well as their next-generation product replacements, are described below:

  • Nasdaq re-platformed and launched the Legacy Workstation services with WorkX [1] for trade reporting, clearing entry, and activity monitoring on the FINRA/Nasdaq TRFs beginning in April 2021.
  • Nasdaq also re-platformed InterACT on the Legacy Workstation with Real-Time Stats [2] on WorkX beginning in April 2021. For more about WorkX and Real-Time Stats, please refer to ETA2021-24 and the Resources section of this alert.
  • Nasdaq re-platformed ACT Risk Management on the Legacy Workstation with Post-Trade Risk [3] on WorkX in June 2023. For more Post-Trade Risk information, please refer to ETA2023-27 or the Resources section of this alert.

    Migration Support Information

    To request access to WorkX™ in either UAT or Production environments, please complete the WorkX Service Request Form.

  • For product access questions, please contact Trading Services.
  • For product training or support, please connect with Client Operations.
  • For migration questions, please contact the WorkX Product Management team.

      • Notes:

      “FINRA/Nasdaq TRF” means the FINRA/Nasdaq TRF Carteret and the FINRA/Nasdaq TRF Chicago, depending on the facility to which the member firm reports.

      FINRA™, Trade Reporting Facility™ and TRF™ are trademarks of Financial Industry Regulatory Authority, Inc.; FINRA/NASDAQ TRF™ is used under license for Financial Industry Regulatory Authority, Inc.

      [1] WorkX™ is a modular, modern cloud-based post-trade platform supporting US Equity trade reporting, compliance, and risk management on the FINRA/Nasdaq TRFs and Nasdaq Exchange Markets.

      [2] Real-Time Stats provides summary statistics of a firm’s trade activity on the FINRA/Nasdaq TRFs to support compliance with FINRA rules.

      [3] Post-Trade Risk provides clearing firms with real-time risk monitoring, alerting, and controls for correspondent activity on the Nasdaq exchange and FINRA/Nasdaq TRF™ relative to per trade and aggregate trade notional dollar limits.

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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.

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