Nasdaq and BX Updates Specifications for Reactive Trade Now / Trade Now (Related to Post Only Order Modifications)
OREANDA-NEWS. September 27, 2016. The Nasdaq Stock Market and Nasdaq BX have posted updated specifications to support the Trade Now functionality, as mentioned in Equity Trader Alert #2016 - 224. Subject to SEC filing requirements, the Trade Now functionality will be available on October 17, 2016.
The following trade protocols will support a new Reactive Trade Now or Trade Now option in the fields indicated below.
|Reactive Trade Now|
|RASHport||Reactive Trade Now (new)|
|INET FIX||ExecInst (Tag 18)|
|BRUT FIX||ExecInst (Tag 18)|
|SUMO FIX||ExecInst (Tag 18)|
|FIX Lite||ExecInst (Tag 18)|
The following trade protocols will support a new Trade Now message:
- OUCH 4.2
- OUCH 3.3