What is changing?

As announced in Options Trader Alert #2016 - 20, Nasdaq is undergoing a technology migration on the ISE Markets. The ISE trading systems will be migrated to Nasdaq’s INET technology starting with ISE Gemini as the first exchange to make the transition.

We firmly believe that once the ISE trading platforms have migrated to the Nasdaq INET technology, customers will:

• Receive competitive advantages, by having the ability to trade options on six distinct trading platforms with the same best-in-class technology.
• Leverage Nasdaq's superior technology while taking advantage of the unique order types and risk management features for which ISE is known.

As part of the transition, Nasdaq will introduce new IP addresses for the New York metro area data center immediately for the following data feeds:

• Nasdaq ISE Gemini Depth of Market Feed
• Nasdaq ISE Gemini Order Feed
• Nasdaq ISE Gemini Top Quote Feed
• Nasdaq ISE Gemini Trade Feed

To ensure a smooth transition, Nasdaq will support a parallel period for clients to upgrade their network configurations. Firms will be required to receive data via the new IP addresses as symbols migrate to the new system. Firms will continue to receive data via the current IP addresses for symbols that have not yet migrated. Connections to legacy feeds will be retired when the symbol migration is complete. Symbol migration will begin on Monday, February 27, 2017, and firms must make the transition prior to that date to prevent loss of data.

Will firms need to request connectivity access to the new IP Address information?

Yes, in order to access the new IP addresses, existing firms will need to complete the Data Feed Request Form to receive the data.

New firms need to complete the following agreements to receive the data:

• Data Feed Request Form - Required for all firms.
• Nasdaq Global Data Agreement - Required for all firms prior to initiation of the first Nasdaq data service only.
• System Application - Required for firms only if the data will be displayed or used in a system that is not yet approved by Nasdaq.

For the complete list of Nasdaq agreements and forms, please refer to the Nasdaq Global Data Products Administration page on the Nasdaq Trader website.

If you need assistance with the application process, please contact your Nasdaq Sales Representative.

What are the new IP addresses?

For the new IP information, please refer to the UDP/IP Addresses - U.S. Derivatives Data Feeds page on Nasdaq Trader. Please note, the Source IP Addresses are ranges, not specific IP Addresses.

In order to obtain a re-request login, please send an email to DL-GeminiISE@nasdaq.com.

Nasdaq suggests that market data vendors aim to make the necessary network changes by Saturday, January 28, 2017 to allow time to test during the UAT dates and to avoid loss of data when the symbol migration begins on Monday, February 27, 2017.

How can firms verify connectivity to the new IP Addresses?

Effective immediately, Nasdaq will publish heartbeats over all new broadcast channels for firms to verify connectivity.

Will Nasdaq provide User Acceptance Testing?

Yes, Nasdaq will hold three Saturday UAT sessions that will take place between 9:00 a.m. to 1:00 p.m. ET on:

• Saturday, January 28, 2017
• Saturday, February 4, 2017
• Saturday, February 11, 2017

What are the affected data feeds?

Nasdaq ISE Gemini Depth of Market Feed - bids and offers at the top five price levels of the order book.

Nasdaq ISE Gemini Order Feed - provides a snapshot of every order that rests on the book for simple (single legged) instruments

Nasdaq ISE Gemini Top Quote Feed - Best Bid and Offer (IBBO) at the top price level of the order book, as well as trades and trading status information.

Nasdaq ISE Gemini Trade Feed - provides last trade (price and quantity) along with other trade statistics.

What are the bandwidth recommendations?

For your convenience, the recommendations are provided below:

Additional Information

For information regarding the networking configuration changes, please contact Market Data Procurement.

For information regarding the data feeds, please contact Nasdaq Global Information Services at +1 301 978 5307.

Refer to the UDP/IP Addresses page on Nasdaq Trader Website.

Refer to the ISE Members Area for the latest technical specifications.