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Thursday, October 10, 2019

Equity Trader Alert #2019 - 81
Update: Nasdaq to Delay New Enhanced Closing Price for ETPs

Category:

  • New Functionality

Markets Impacted:

  • The Nasdaq Stock Market

Contact Information:

Resources:

As announced in Equity Trader Alert #2019 – 79, Nasdaq will update how it establishes the closing price for a listed security that is an Exchange Traded Product when there is insufficient interest to conduct a closing auction. This change is designed to provide a more current valuation price for ETPs which do not have a closing auction.

Nasdaq will be delaying this implementation due to pending SEC approval. More information on the exact date will be forthcoming.

For more information, please see the proposed rule change.

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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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