Wednesday, February 19, 2020
UTP Vendor Alert #2020 - 4
Production Launch of Long-Term Stock Exchange (LTSE) as a New Participant to UTP Plan
Markets Impacted:
Products Impacted:
Contact Information:
- UTP Technical Inquiries at +1 203 926 3400
- LTSE General Inquiries
What you need to know:
- As announced in UTP Vendor Alert 2019-14, the Long-Term Stock Exchange (“LTSE”) has become a member of the UTP Plan and its Operating Committee.
- LTSE anticipates going live in Nasdaq Listed securities in March 2020 and in preparation for its launch they will participate in two weekend Saturday tests.
- Saturday March 7, 2020
- Saturday March 21, 2020
- LTSE announces phase-in schedule of test and non-test securities, expects to launch dissemination in test securities beginning on Monday, March 23, 2020 and will only use these test securities through April 16, 2020.
- For a complete update on its launch, along with a specific rollout schedule for Nasdaq-listed securities, LTSE will maintain details on its web site. LTSE recommends direct data recipients monitor the web site for any future changes to the schedule.
LTSE has advised the UTP SIP of its plans to begin as a UTP Plan participant.
LTSE has notified the UTP SIP of its plans to begin quotation and trading as a national securities exchange for Nasdaq-listed securities. LTSE will be active under the UTP plan beginning in March 2020. LTSE anticipates going live in Nasdaq Listed securities March 23, 2020.
Beginning on Monday, March 23, 2020 LTSE expects to launch dissemination in test securities and will only use these test securities through April 16, 2020.
For a complete update on its launch, along with a specific rollout schedule for Nasdaq-listed securities please refer to LTSE announcement on their phase-in schedule.
LTSE will maintain details on its web site. LTSE recommends direct data recipients monitor the web site for any future changes to the schedule.
Will LTSE offer any nightly or Saturday testing opportunities?
Yes, the UTP SIP in coordination with LTSE will support the following testing opportunities associated with their activation:
Type of Testing | Scheduled Dates | Description |
---|---|---|
Evening Test Transmissions | Nightly from Monday, January 27, 2020 through production launch | Each weeknight between 9:30 pm – 10:30 pm, the test data will be available on the “Test Broadcast” IP Multicast channels. No registration is required to participate in evening testing. |
Saturday User Acceptance Test (UAT) | Subject to LTSE schedule maintained on their web site Scheduled: Saturday, March 7, 2020: Saturday, March 21, 2020 | LTSE will enter data and process this through the SIP. As it is generated, the UTP SIP will disseminate the data via the UTP data feed production channels. |
Production Launch | March 23, 2020, in test securities Subject to LTSE schedule maintained on their web site | Production implementation of the LTSE as an active UTP participant. Refer to the LTSE web site for detailed roll out plans. |
Who should I contact for additional information?
- Refer to the UTP Technical Specifications page.
- For questions regarding the UTP Data Feeds, please contact products@utpplan.com.
- Contact LTSE general inquiries for any business related questions on their exchange launch.