Friday, January 29, 2021
Equity Trader Alert #2021 - 6
Nasdaq to Implement Enhancements to the Opening Cross Process
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Pending SEC approval, effective Monday, March, 29, 2021, Nasdaq will be introducing enhancements to the Opening Auction process. Nasdaq is making these changes to increase the transparency and flexibility for firms participating in the opening auction price discovery process. The upcoming changes are as follows: 1. Disseminating Early Opening Auction Imbalance Information
2. Update to Entry, Modification and Cancellation of MOO/LOO Orders between 9:25 a.m. ET and 9:28 a.m. ET
3. Increased Flexibility to LOO Orders
NOII and Auction Cutoff times will be:
Testing OpportunitiesTesting is currently available in the Nasdaq Testing Facility (NTF). Production testing will be available during the February 6 and March 6 User Acceptance Tests (UAT). Please refer to the 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.