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Wednesday, July 28, 2010

Equity Trader Alert #2010 - 47
NASDAQ to Discontinue the Intraday and Post-Close Crosses Effective September 13, 2010

Markets Impacted:

Contact Information:

What you need to know:

  • Effective Monday, September 13, 2010, The NASDAQ Stock Market® (NASDAQ®) will discontinue the Intraday and Post-Close Crosses.

What is changing?

Effective Monday, September 13, 2010, NASDAQ will discontinue the Intraday and Post-Close Crosses. Therefore, NASDAQ will no longer execute crosses at 10:45 a.m., 12:45 p.m., 2:45 p.m. and 4:30 p.m., Eastern Time (ET).

After September 10, 2010, orders entered with a Cross Type “I” will no longer be accepted.

Will this affect the NASDAQ Opening, Closing, IPO or Halt Crosses?

No, the NASDAQ Opening and Closing Crosses will continue to execute daily at 9:30 a.m. and 4:00 p.m., ET, respectively. The NASDAQ IPO Cross will continue to execute at the opening of secondary trading of an initial public offering, and the NASDAQ Halt Cross will continue to execute for halt resumptions.

Where can I find additional information?

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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