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SHOCKING NEWS: Nasdaq Cracks Down with Mandatory Market Testing Blitz!
MARK YOUR CALENDARS! A bold new testing strategy emerges from the depths of the Nasdaq labyrinth, and it’s time for market players to HANG ON TIGHT!
In a stunning move to comply with SEC mandates, Nasdaq has unveiled a SERIES of adrenaline-pumping Market-Wide Circuit Breaker (MWCB) tests set to shake the very foundations of the stock market!
Get Ready for the Ultimate Test Showdown!
Here’s what’s coming down the pipeline:
- April 5, 2025: Test #1 – SIP Failover / MWCB Level 1 and 2
- July 26, 2025: Test #2 – SIP Failover / MWCB Level 1 and 2
- September 13, 2025: Test #3 – Dedicated MWCB Level 1, 2, and 3
- December 6, 2025: Test #4 – SIP Failover / MWCB Level 1 and 2
THIS IS NOT A DRILL! Some Nasdaq members are gearing up for mandatory participation, and failure to comply could mean facing the wrath of stringent new rules.
TESTING REQUIREMENTS: Are You Ready?
If you’re a designated participant, you can’t escape the wrath of the Nasdaq! You MUST dive into at least one of these high-stakes tests or risk getting left behind in the trading dust! Non-designated members are encouraged to jump into the fray too—don’t you want to be part of this market shake-up?
Here’s what’s on the agenda for designated members:
- Mastering MWCB Halt Messages: Get ready to receive and process those critical halt alerts!
- Data Handling Skills: You’ll be on the front lines, processing market data like a pro!
- Order Sending Commotion: It’s time to hit “send” on those orders post-halt, just like any typical trading day!
And don’t you dare forget the crucial checklist submission! You’ll need to shoot that off to Nasdaq within ONE BUSINESS DAY after the test wraps up—no exceptions!
Stay in the Loop or Miss Out!
By March 31, 2025, those who need to participate will receive a notification. If you haven’t heard anything and want to confirm your status, pick up that phone and dial 1-212-231-5180, option 4—do not hesitate!
Last Call for Registration!
Want to join the action for Saturday testing? You MUST register by reaching out to [email protected] by noon (ET) on the Friday before the test!
The clock is ticking—are you ready for the challenge? Nasdaq is taking no prisoners, and it’s time for YOU to step up or step aside!
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