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Monday, October 9, 2006

Equity Trader Alert #2006 - 150
NASDAQ Announces Second List of Stocks to be Migrated to the Integrated Platform

Please Route To: Head Trader; Technical Contacts; Compliance Officers

What you need to know:

  • As announced in Head Trader Alert #2006-131, NASDAQ plans to begin systems integration on Monday, October 16, 2006, with 20 NASDAQ-listed securities.
  • NASDAQ will continue the integration on Monday, October 23, 2006, with 200 additional NASDAQ-listed securities.
  • Corporate Action testing is scheduled for Thursday, October 12, 2006.
  • NASDAQ has scheduled a User Acceptance Test (UAT) for Sunday, October 15, 2006.
  • System integration Frequently Asked Questions related to downstream system implications, i.e., OATS, clearing and drop copies are available.

Whom you should contact: NASDAQ Market Sales at 800.846.0477

What is the NASDAQ systems integration update?
As announced in Head Trader Alert #2006-131, NASDAQ® plans to begin the systems integration of NASDAQ, Brut and INET on Monday, October 16, 2006, with 20 NASDAQ-listed securities. The integration will continue on Monday, October 23rd with 200 additional NASDAQ-listed securities.

The full NASDAQ-listed integration schedule is as follows:

  • October 16, 2006: 20 NASDAQ-listed securities (text or csv format)
  • October 23, 2006: 200 NASDAQ-listed securities (text or csv format)
  • October 30, 2006: completion of integration for NASDAQ-listed securities

How will NASDAQ test the effect of Corporate Actions?
NASDAQ will apply a corporate dividend of $0.50 on symbol ZXZZT effective Thursday, October 12, 2006. Firms can enter quotes and GTC orders through Wednesday, October 11th. Firms should see their quotes and orders adjusted accordingly on Thursday.

When will NASDAQ hold the next User Acceptance Test?
NASDAQ will hold a UAT Sunday, October 15th, from 9:00 a.m. to 12:30 p.m., ET. The list of 20 NASDAQ-listed stocks being transitioned on Monday, October 16th will be available for testing. This list is available on the NASDAQ Trader website in text or csv formats.

What do I need to do to participate in the UAT on Sunday, October 15?
If you wish to participate in this test of the integrated systems, please register by 12:00 p.m., ET, Thursday, October 12, 2006, in one of the following ways:

  1. Email your name and phone number to OpsQa@nasdaq.com.
  2. Call the NASDAQ Testing Facility (NTF) at 800.243.4284 (option #4).

The details of the UAT will be communicated closer to the testing date.

Where can I find information on the downstream system implications of systems integration?
As announced on the market-wide call, NASDAQ has posted FAQs regarding downstream system implications, i.e., OATS, clearing and drop copies on the systems integration page. Please note that NASD OATS guidance has not changed since it was issued on August 18, 2006. We strongly encourage you to review the FAQs and contact NASDAQ with any questions.

Where can I get additional information?

Subscribe to NASDAQ’s email notifications. .

NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Trader website at www.NASDAQTrader.com.