Nasdaq GEMX will undergo a re-platforming with the goal to harmonize exchange technology positioning participants for future growth and success.
Updates will be made to the GEMX Market Data feeds under the new platform. While each of the current market data offerings will continue, there will be some changes to both the naming of these and the protocols.
The GEMX Top Quote Feed will be renamed to the GEMX Top of Market Feed. It will remain a book-based feed designed to provide the Best Bid and Offer and last sale information. The feed will contain updated message formats that are harmonized with BX Options. An optional Glimpse service will also be made available for the Top of Market Feed for recovery.
The GEMX Depth of Market Feed will be improved to include full depth with order-by-order messages. It is important to note that firms…
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