Search:
   

Thursday, February 4, 2016

Equity Trader Alert #2016 - 26
Nasdaq guidelines for Testing NextShares

Category:

  • Testing

Markets Impacted:

Contact Information:

Resources:

As stated in alert Equity Trader Alert #2016-17 Eaton Vance Corp. (Eaton Vance) and Nasdaq, Inc. (Nasdaq) announced that the first NextShares™ exchange-traded managed fund will list and begin trading on The Nasdaq Stock Market, LLC on Friday, February 26, 2016.

To ensure that firms are ready to handle NextShares trading, Nasdaq will offer participants the ability to conduct testing using a live test symbol in the production environment. In order for a market participant to test NextShares using the production test symbol, ZVZZC, participants must first:

  1. Complete and submit NextShares Trading Addendum Form

  2. Complete NextShares Certification testing with the Nasdaq Trade Desk

In order to trade NextShares, market participants will need to complete the trade addendum, certification testing, ensure the end of day correction process occurs and that no issues are encountered. Once this process is complete and the addendum is on file market participants will have all production ports enabled the following business day to trade NextShares, including the test symbol ZVZZC.

For more information on this new asset class, refer to the NextShares web page


Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

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.

View NASDAQTrader.com Mobile