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Thursday, September 17, 2020

Equity Trader Alert #2020 - 59
Nasdaq PSX exchange to operate from Chicago data site October 26-30th

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

In addition to Nasdaq's participation in the SIFMA DR test on October 24th, Nasdaq will operate the Nasdaq PSX exchange out of the Chicago data center as the primary matching engine during the week of October 26 through October 30. During this time all Nasdaq PSX features and functionality will be available. Nasdaq PSX operations will return to the Carteret data center on Monday, November 2, 2020. Operating PSX out of the Chicago site will allow firms to gain additional confidence that they can react quickly in the event that Nasdaq decides to move the operation of all its market centers to its Chicago data center.

As announced in ETA2020-57, members should be aware that Nasdaq is conducting an important industry test on Saturday, September 26, 2020 to ensure readiness for member firms to quickly relocate to our Chicago datacenter if a decision was made to operate that facility as the primary location. Nasdaq will support a full feature test in order to allow for our members to test their connectivity and functionality in our Chicago datacenter. This test will be held in coordination with other market centers and simulate a normal trading day. Nasdaq recommends that all firms, required or otherwise, participate in both the validation test on September 26 and the BCP/DR test on October 24 to ensure connectivity in all scenarios

Additionally, as announced in ERA2020-3, Nasdaq will participate in the SIFMA DR test on October 24. During the test, all Nasdaq markets will be running out of the Chicago data center. All markets other than PSX will return to normal operation out of the Carteret Nasdaq data center on Monday, October 26. Chicago will remain the primary data center for PSX on Monday, October 26.

Member firms are encouraged to reach out in advance of the test dates to confirm connectivity.

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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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