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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: LPS5 who wrote (8309)7/3/2000 2:37:13 PM
From: TFF  Read Replies (2) of 12617
 
Nasdaq Postpones SuperSoes Until Fourth Quarter 2000(What a Surprise)
(Alert #2000-51)

The Nasdaq Stock Market, Inc. would like to notify subscribers that the implementation of SuperSoesSM and SelectNet® modifications has been postponed until the fourth quarter of 2000. In response to industry feedback, Nasdaq® will postpone production—previously scheduled for Monday, July 10, 2000—in order to examine the feasibility of enhancing the product by incorporating additional features in an effort to better serve the marketplace and insure market quality. Such industry-requested changes include:

An increase in capacity to allow a maximum order size of 999,999.
An application programming interface (API) reference number that will be included in accept messages and will reduce system burdens caused by order status inquiries.
Nasdaq will inform subscribers of testing and implementation dates as soon as they are established. Nasdaq will insure that adequate time is provided for testing before the new products are put into production.
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