NASD Notice to Members 97-45 - August 1997

Corrected List of SOES Tier Size Levels Effective July 1, 1997

Executive Summary

The following is a corrected list of the Small Order Execution SystemSM (SOESSM) tier size changes that became effective on July 1, 1997. The list of SOES tier size changes included in Notice to Members 97-38 was incorrect due to data errors. Despite the errors, the correct list of SOES tier size changes was programmed into SOES, effective July 1, 1997, according to the Nasdaq® SOES tier size re-ranking rules and procedures. Shortly after the publication of Notice to Members 97-38, Nasdaq’s Market Operations Department informed the membership of the errors. Accordingly, this Notice to Members merely reflects the correct list of SOES tier size changes which went into effect on July 1, 1997.

 

For more information, please contact Nasdaq Market  Operations at (203) 378-0284.