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NASDAQ Postpones Implementation of ACT’s Extended Hours of Operation
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What you need to know:
- ACT’s hours of operation will NOT be extended to 8:00 p.m., Eastern Time (ET), effective Monday, November 6, 2006, as previously announced in Head Trader Alert #2006-120
- The new implementation date will be Monday, December 4, 2006.
- Beginning December 4th, trades executed between 6:30 p.m. and 8:00 p.m., ET, must be reported within 90 seconds of execution. Trades executed after 8:00 p.m., ET, must be reported the following day on an “as/of” basis.
Whom you should contact: Donald Bollerman at 212.401.8780
What is changing?
As announced in Head Trader Alert #2006-120, beginning Monday, November 6, 2006, the ACT platform’s hours of operation were to be extended to 8:00 p.m., ET. However, the implementation date of ACT’s extended hours has been postponed to Monday, December 4, 2006.
Beginning December 4th, trades executed between 6:30 p.m. and 8:00 p.m., ET, must be reported within 90 seconds of execution. Trades executed after 8:00 p.m., ET, must be reported the following day on an “as/of” basis.
Whom can I contact for additional information?
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Trader website at www.NASDAQTrader.com.
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