Tuesday, February 27, 2024

Equity Trader Alert #2024 - 16
Nasdaq Introduces Managed Order Functionality via OUCH 5.0

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

On April 8, 2024, The Nasdaq Stock Market (Nasdaq), Nasdaq BX, and Nasdaq PSX will introduce the ability to enter managed orders through the OUCH 5.0 protocol. The following managed order features will become available on all three exchanges:

  • Reserves
  • Pegging
  • Discretion
  • TradeNow
  • Market Maker Peg (Nasdaq only)

There will be no changes to managed orders entered through the RASHport or INET FIX protocols.

Please refer to the OUCH 5.0 migration practices guide and Specifications Page for more information.



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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.