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Thursday, January 18, 2007

Equity Trader Alert #2007 - 3
NASDAQ to Complete Systems Integration and Exchange Operation in Non-NASDAQ Listed Securities on February 12, 2007

Please Route To: Head Traders; Technical Contacts; Compliance Officers; NASDAQ Vendor Technical Contacts; NASDAQ Vendor Admin Contacts

What you need to know:

  • As announced in Head Trader Alert #2006-208, NASDAQ will complete Exchange Operation and systems integration in NYSE-, Amex- and regional-listed securities on a single date.
  • NASDAQ is planning this implementation for Monday, February 12, 2007.
  • NASDAQ will retire the BRUT and INET MPIDs and introduce a new clearing contra party, “NSDQ”, effective Thursday, March 1, 2007.
  • NASDAQ plans to hold a market-wide call to update customers; the date will be communicated when it becomes available.

Whom you should contact: NASDAQ Market Sales at 800.846.0477

When will NASDAQ complete Exchange Operation and systems integration?
As announced in Head Trader Alert #2006-208, NASDAQ® will complete Exchange Operation and systems integration in NYSE-, Amex- and regional-listed securities on a single date. This implementation is planned for Monday, February 12, 2007.

Where can I find information on the retirement of the BRUT MPID as a clearing and OATS contra party?
Please refer to the Brut MPID Retirement section of the Non-NASDAQ Listed Securities FAQs.

When will NASDAQ introduce NSDQ as the clearing contra party for all trades done on the integrated platform?
Effective Thursday, March 1, 2007, neither INET nor BRUT will be your clearing contra party. Your new clearing contra party will be NSDQ #0568.

Will NASDAQ hold a market-wide call?
Yes. NASDAQ will hold a market-wide call to further update customers on the implementation. The date will be communicated when it becomes available.

Where can I find additional information?
For questions and resource materials on systems integration:

For questions on Exchange Operation:


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