While doing a bit more research into the new SuperSOES system, I came across the following information nasdaqtrader.com
"Head Trader Alert #2000-32 - May 1, 2000
Trade-or-Move Rule Scheduled for June 5, 2000 and SuperSoes Rescheduled for July 2000
Nasdaq© would like to remind all firms that the implementation of the Trade-or-Move rule will begin on Monday, June 5, 2000, rather than on Monday, May 15, 2000. Additionally, the implementation of SuperSoesSM and the modifications to SelectNet© are rescheduled for July 2000. Scheduled testing dates for both Trade-or-Move and SuperSoes will be available in the near future and a specific release date will be announced in mid-June."
Sounds like we're now looking at an unspecified July date for the SuperSOES implementation. Just when I was getting all worked up and excited about it, too...
Note that this delay follows a similar postponement announced earlier nasdaqtrader.com;
"Head Trader Alert #2000-27 - April 18, 2000
SuperSoes/SelectNet Implementation Delayed
In an effort to address concerns raised by market participants regarding their ability to prepare their systems on time, among other issues, The Nasdaq Stock Market© will postpone the implementation of SuperSoesSM and modifications to SelectNet© until Monday, June 5, 2000. Implementation was previously scheduled for May 15, 2000."
-Eric |
