Opening Cross

Opening Cross
The Opening Cross release introduces two new order types (tag 40 and tag 59): market on
open and limit on open. These orders are executable only during the Opening Cross.
On Open orders:
• will be processed as unpreferenced.
• can be entered as buy, sell, sell short, and sell short exempt.
• will not support a pegged display price or a discretionary price.
• will have the attributable indicator set for full anonymity.
• will have the AIQ set to allow internalization.
• will have the Price Improvement Indicator set to ‘No’.
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NASDAQ FIX Programming Specification 9/13/2005
• will have the dividend/split indicators (DNR and DNI) set to ‘No’.