SuperSoes Implementation Postponed Until January 22, 2001
(Alert #2000-95)
Head Trader Alert #2000-95 - December 4, 2000
Following the third user acceptance test this past Saturday involving more than 200 market participant firms, and after careful consideration and close consultation with market participants, Nasdaq® has decided to postpone SuperSoesSM implementation until Monday, January 22, 2001. There will be Saturday user tests on December 30, 2000, and January 6, 2001. API/CTCI (CST) testing will continue to be available six days a week, Monday through Saturday.
Successful implementation requires not only that Nasdaq systems function successfully, but that vendor, Market Maker, and ECN systems be updated to accommodate and reflect the new Nasdaq functionality. It is also imperative that market participants be prepared for trading in the new environment. While we are pleased that Nasdaq systems performed as designed, we are aware that the design requires substantial adjustments to our users’ systems, many of which have not yet been completed. The additional time will allow market participants and vendors to continue fine-tuning their systems, and allow market participants to become more comfortable with the changes in trading practice.
For additional details on SuperSoes, there will be an open conference call on Wednesday, December 6, 2000, at 4:30 p.m., Eastern Time (ET), to discuss open issues and take your questions. We will notify you of the call details via a pop-up on the Nasdaq Workstation on Wednesday morning, and also post the details on this site. Additionally, you can access SuperSoes materials by clicking here. You will see a Guide to Enhancements, a Webcast, a quick reference guide, and other materials.
Any questions regarding SuperSoes or the SelectNet® modifications should be directed to the following departments within Nasdaq:
Trading: Nasdaq Market Operations at (800) 219-4861
General Questions: Nasdaq Product Development at
(212) 858-4322
To arrange for API/CTCI (CST) Testing: (800) 288-3783
Your participation in this marketplace is critical to our mutual success. We are making every effort to solicit and respond to your feedback in order to do what is best for our marketplace. The Nasdaq Stock Market® has seen many changes in its 29-year history, ultimately building a thriving marketplace that benefits investors, issuers, and you. |
