Functionality OUCH RASH FIX FIX Lite QIX
Reserve  
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Pegging (Best, Market)  
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Discretion  
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Post-Only
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Minimum Quantity
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Cancel Replace/Order Modify
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Directed Orders  
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ACES Routing  
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Industry Standard Messaging    
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Unsolicited Messages (UM)    
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Quoting        
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DROP Copies
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ACT Trade Reporting    
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Pre-Trade Risk Management
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Credit Risk Management        
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Protocol Market Description Features

OUCH

A simple protocol that allows participants to enter, replace and cancel orders, and receive executions. It is the low-level native protocol for connecting to NASDAQ OMX markets.

FIX Lite

Order entry protocol based on a subset of FIX 4.2

Protocol Market Description Features

QIX

NASDAQ protocol that provides a fast reliable point-to-point connection from the NASDAQ Market Center to your site.

Protocol Market Description Features

RASH

A simple proprietary protocol that allows participants to enter orders, cancel existing orders and receive executions.

Protocol Market Description Features

FIX

NASDAQ OMX's FIX implementation acts like a router, converting incoming FIX messages into OUCH messages and back again

FIX Lite

Order entry protocol based on a subset of FIX 4.2

Protocol Market Description Features

FIX

NASDAQ OMX's FIX implementation acts like a router, converting incoming FIX messages into OUCH messages and back again.