COLLECTION OF LEI | Members to provide their LEI in the member portal | All exchange members | 2017 Q2 |
MiFID INVESTMENT FIRM STATUS | Members to provide their firms' MiFID Investment Firm status in the member portal. The status will determine the requirement for the trading venue to perform Transaction Reporting on behalf of members that are not MiFID Investment Firms. | All exchange members | 2017 Q2 |
TRADER IDs | a) Reconciliation of registered trader lists in member portal to ensure that all traders are issued a Trader ID | a) All derivatives and commodities exchange members | a) 2017 Q2-Q3 |
| b) Once Trader IDs are issued, members are to populate their trading systems with the Trader IDs in order to have the data available on order entry | b) All derivatives and commodities exchange members | b) October - November 20th |
| c) Notify Nasdaq of the members firm's requirements for additional, non-personal Trader ID's (Algo, DMA, Routing) | c) All derivatives and commodities exchange members | c) October - November 20th |
DIRECT ELECTRONIC ACCESS | a) In Member Portal, confirm if AOR users should be tagged as DMA or non-DMA | a) All cash equities exchange members with AOR users | a) September - October |
| b) In Member Portal, confirm DMA flow under MiFID II and request DMA Trader ID's | b) All non-equities exchange members providing DMA | b) September - October |
| c) Members to be contacted by Nasdaq to confirm compliance to new rules | c) All sponsored access providers | c) September - October |
ALGO SELF-CERTIFICATION | Using a self-certification form in the member portal, members to certify that the algorithms they deploy have been tested to avoid contributing to or creating disorderly trading conditions, according to the requirements of RTS 7 | All members engaged in algorithmic trading | October - November |
APPLICATION CONFORMANCE MEMBER SELF-CERTIFICATION | After conformance testing of application has been completed members to use the member portal to select the trading application they are using | All trading venue members | October |
INDIRECT CLEARING | a) Members to request new account for indirect clients | a) All clearing members with indirect clients | a) 2017 Q3 |
| b) Transfer of position and collateral to new account | b) All clearing members with indirect clients | b) 2017 Q4 |
DUE DILIGENCE | Due diligence self-certification of compliance with the rules of the trading venues, according to the requirements of RTS 7 | All trading venue members | To be determined |