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Wednesday, March 3, 2010

Equity Technical Update #2010 - 5
The NASDAQ Stock Market Introduces DOTZ Routing Strategy Effective Monday, March 8, 2010

Markets Impacted:

  • The NASDAQ Stock Market

Contact Information:

What you need to know:

  • Effective Monday, March 8, 2010, The NASDAQ Stock Market will introduce the DOTZ routing strategy.
  • Specifications have been updated on the NASDAQ OMX Trader website.

What is changing?

Effective Monday, March 8, 2010, The NASDAQ Stock Market® will introduce DOTZ, a new routing strategy.

What is the behavior of the DOTZ routing strategy?

The DOTZ routing strategy attempts to execute against orders in the NASDAQ book at a price equal to or better than the National Best Bid and Offer (NBBO). If unfilled, the order will route to the New York Stock Exchange (NYSE) or NYSE Amex, where the order will remain until it is executed or cancelled.

Have specifications been updated?

Yes, the updated specification documents have been posted on the NASDAQ OMX Trader® website.

Where can I get additional information?


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