Tuesday, October 09, 2012
Equity Technical Update #2012 - 31
Market Maker Peg Orders Available on NASDAQ, AQR to Discontinue End of 2012
What you need to know:
What is being introduced?
Market Maker Peg Orders are now available on The NASDAQ Stock Market® (NASDAQ®).
What are Market Maker Peg Orders?
The Market Maker Peg Order (MMPO) is an order type that helps NASDAQ market makers meet their quoting obligations in their registered securities. The MMPO is a one-sided, attributable limit order whose price is automatically adjusted in order to comply with the Exchange's rules regarding market maker quotation requirements and obligations.
What is being discontinued?
AQR functionality will be discontinued at the end of Q4 2012, pending filing with the Securities and Exchange Commission (SEC).
Where can I find additional information?
- Refer to the Market Maker Peg fact sheet page on the NASDAQ OMX Trader® website.
- Refer to the Market Maker Peg Order and Discontinuation of Automated Quote Refresh FAQs on the NASDAQ OMX Trader website.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
Subscribe to Email Alerts:
NASDAQ OMX is offering customers the ability to self select news delivery across various NASDAQ OMX markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the NASDAQ Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding NASDAQ's trading and data products, regulatory issues or marketplace initiatives.
About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.