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Friday, July 7, 2006

Data News #2006 - 47
NASDAQ Plans To Discontinue NASDAQ Reference Price Messages from NIDS

Please Route To:
  • Direct NASDAQ data feed subscribers

Data feeds impacted:
  • NASDAQ Index Dissemination Service (NIDS)

Summary:
  • Effective October 9, 2006, NASDAQ will no longer support the NASDAQ Reference Price Messages on the NASDAQ Index Dissemination Service (NIDS) data feed. NASDAQ Reference Price Messages consist of NASDAQ Official Opening Price (NOOP) and NASDAQ Official Closing Price (NOCP) messages.
  • NASDAQ will continue to disseminate its NOOP and NOCP values via the UTP Trade Data Feed (UTDF). Firms that process the NIDS NASDAQ Reference Price Messages should make plans to process the data from UTDF.

Overview of Changes:

Effective October 9, 2006, NASDAQ® will no longer support the dissemination of the NASDAQ Official Opening Price (NOOP) and NASDAQ Official Closing Price (NOCP) messages on the NASDAQ Index Dissemination ServiceSM (NIDSSM) data feed.

When NASDAQ introduced the Reference Price Messages in January of 2004, the NIDS data feed was the only source of dissemination for NASDAQ Official Opening Price (NOOP) data. NASDAQ added the NASDAQ Official Closing Price (NOCP) values to NIDS in March of 2004 when it implemented the NASDAQ Closing Cross.

Since the introduction of the original reference price messages on NIDS, NASDAQ has worked with the UTP Operating Committee to facilitate the reporting of official opening and closing values via the UTP Trade Data FeedSM (UTDFSM). NASDAQ has been disseminating its NOOP and NOCP values via both NIDS and UTDF since September of 2004. Today, the vast majority of market data redistributors and market participant firms process NOOP and NOCP values via UTDF. Therefore, for efficiency reasons, NASDAQ will retire the following reference price messages on NIDS, effective October 9, 2006:

Message Category Code Message Type Code Message Format Description
T Q NASDAQ Official Opening Price
T H NASDAQ Official Opening Price Cancellation
T I NASDAQ Official Opening Price Correction
T J NASDAQ Official Closing Price
T K NASDAQ Official Closing Price Cancellation
T M NASDAQ Official Closing Price Correction

Please note that NIDS will continue to be the primary data source for NASDAQ index data, including the Index Opening Value. In addition, NIDS also serves as the source for daily and intraday valuation information for NASDAQ-listed exchange traded funds (ETFs).

Contact Information:

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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.