NASDAQ Postpones Implementation of ACTís Extended Hours of Operation
What you need to know:
- ACTís 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 ďas/ofĒ 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 platformís hours of operation were to be extended to 8:00 p.m., ET. However, the implementation date of ACTís 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 ďas/ofĒ basis.
Whom can I contact for additional information?
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