OREANDA-NEWS. Subject to SEC approval, effective April 24, 2017, Nasdaq is pleased to introduce the new proprietary RFO Indicator tool. The RFO Indicator provides additional information to the broker-dealer serving as the Stabilization Agent during the Nasdaq Opening Cross for registered follow on offerings.

This new product enhancement is part of Nasdaq’s ongoing commitment to providing issuers, broker-dealers and investors the most efficient and orderly process for capital formation events on The Nasdaq Stock Market. See Equity Trader Alert #2017 - 40 for additional details.