|
A# |
5680 |
|
P&S #: |
5250 |
|
DATE: |
September 25, 2003 |
|
TO: |
ALL PARTICIPANTS |
|
ATTENTION: |
MANAGING PARTNER/OFFICER; OPERATIONS PARTNER/OFFICER; MANAGER P&S DEPARTMENT; MANAGER DATA PROCESSING DEPARTMENT |
|
FROM: |
Elena Staloff |
| SUBJECT: | On September 29, 2003, NSCC will Begin Reporting Anonymous Trades From NASDAQ on OTC Contract Output |
On September 29, 2003, the National Securities Clearing Corporation (NSCC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), will begin reporting anonymous trades received from NASDAQ on OTC contract output1. More specifically, this data will be reported on the Over-the-Counter (OTC) unified multi-cycle MRO output format (AutoRoute# 02023183) as well as the End-of-Day print image reports (AutoRoute# 02020184 End-of-Day OTC Locked in Contracts).
Changes to OTC Print Output
| AutoRoute ID # |
Report Name |
| 02020184 |
End-of-Day OTC Locked in Contracts |
Participant’s OTC print reports have been modified to report anonymous trades from the Nasdaq’s SuperMontage trading platform. Anonymous trades will be reported with the following participant number and Nasdaq Market Participant ID (MPID):
Ø Contra Clearing Participant – 8602
Ø Contra Executing Broker (MPID) - SIZE
An example of the contra broker information from a print image contract follows:
OTC PURCHASE CONTRACT - TRADE DATE T PAGE 1
ING SERVICES INC TRADE DATE 09/23/2003 SETTLEMENT DATE 09/26/2003
--------------------------------------------------------------------------------
CONTRACT BUY MATCH SELL T R A D E REF BRANCH EXEC BA/ST RV CAP
MONEY EXEC IND PRICE SELLER EXEC SRCE ORG NUM ID-SEQ TIME IND IND CDE
--------------------------------------------------------------------------------
1,893.00 SONC MT 18.930000 1234 ABCD ABC CVTE 10:07 A
1,889.00 SONC MT 18.890000 1234 ABCD ABC CBPO 10:08 A
1,857.24 ICLS MT 18.760000 8602 SIZE NQ 012274 ICLS-0939 10:10 A
1,873.00 SONC MT 18.730000 1234 ABCD ABC KVZH 12:43 A
7,512.24
Changes to OTC Intra-day MRO Output
NSCC has enhanced its OTC Intra-day output to supply additional definitions on the universal 400-byte output for anonymous trades executed in SuperMontage. The AutoRoute Product Identification code for the OTC Intra-day MRO follows:
| AutoRoute ID # |
Report Name |
| 02023183 |
Over-the-Counter (OTC) Report |
The new definitions on the OTC Intra-day output are below:
| NEW DEFINITION (On September 29, 2003) |
| AutoRoute ID |
File Name |
Length |
Position |
Description |
Comments |
| 02023183 (Intra-day) Format) |
Contra Clearing Firm |
4 |
58-61 |
Indicates Contra Firm |
8602 = Anonymous Trade |
| 02023183 (Intra-day) Format) |
Contra Executing Broker |
4 |
85-88 |
Indicates Contra Executing Broket |
SIZE = Anonymous Trade Executed on SuperMontage |
Rollout
Nasdaq plans to rollout full anonymity for ten securities on Monday, September 29, 2003. They follow:
WEBX WebEx Communications, Inc.
WERN Werner Enterprises, Inc.
WSTC West Corporation
WTNY Whitney Holdings Corporation
XLTC Excel Technology, Inc
XOMA XOMA Ltd.
XYBR Xybernaut Corporation
YELL Yellow Corporation
ZION Zions Bancorporation
ZOMX Zomax Incorporated
Nasdaq plans to implement full anonymity to the remaining Nasdaq National Market and Nasdaq Small Cap Market securities on Monday, October 6, 2003
This file format, as well as all other Participant file formats, are available at NSCC's Formats website, http://formats.nscc.com.
If you have any question concerning these changes, please contact your relationship manager or email the undersigned at estaloff@dtcc.com
Elena Staloff
Director, Product Marketing & Development