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Friday, September 27, 2024

Equity Trader Alert #2024 - 63
Nasdaq Introduces Purge Ports

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

Beginning October 21st, The Nasdaq Stock Market (Nasdaq), Nasdaq BX, and Nasdaq PSX will introduce Purge Ports. Separate purge ports will be available for both the OUCH/FLITE and RASH/FIX protocols and will allow the ability to cancel open orders and disable/re-enable order entry. Please note that the initial implementation will only include the ability to cancel open orders, and the ability to disable/re-enable order entry on a given port will be introduced in Q1 2025.

Mass cancellation on the purge ports will be available at the following levels:

  • MPID
  • Account
  • Group ID
  • Symbol
  • Side

Purge ports will be made available on an exchange-by-exchange basis as follows:

PSX: October 21st

BX: October 22nd

Nasdaq: October 23rd

RASH/FIX: October 24th

Users will be able to order production ports starting October 14th with the expectation of receiving connectivity details on October 18th. Users can coordinate with Nasdaq Trading Services to certify new ports in NTF in order to receive connectivity details for production.

Testing Opportunities

Testing is currently available in the Nasdaq Testing Facility (NTF) and Saturday UAT production testing will be available on October 19th.

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.

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