Securities Information Processor Issues Statement on UTP SIP Committee Meeting

Securities Information Processor Issues Statement on UTP SIP Committee Meeting

NEW YORK, Sept. 4, 2013 (GLOBE NEWSWIRE) -- The Unlisted Trading Privileges
Securities Information Processor met today with the UTP SIP committee to
review the events of August 22, to better understand the causes of the
regulatory halt and to consider a series of steps to strengthen the resiliency
of the SIP.

NASDAQ OMX is one of 15 members of the UTP SIP Committee and is responsible
for operating the SIP, which provides equities pricing data information to
market participants.

The committee discussed several short-term actions proposed by NASDAQ OMX.
These include:

  *Improve structural framework: The committee agreed to consider several
    proposals from NASDAQ OMX, as the operator, designed to tighten the
    structural framework and provide additional clarity around roles and
  *Strengthen SIP technology architecture: The SIP implemented a solution
    that will automatically disconnect the front end and back end processors
    when a failover occurs.
  *Enhance operational integrity: The SIP will manually terminate connections
    if unusually high traffic is experienced on a single port. In addition,
    they will disable a single participant in such a situation to ensure the
    integrity of the SIP and stability of the market.
  *Increase frequency of stress and failover testing: The SIP is available
    every weekend for testing. Market participants are encouraged to perform
    stress and failover tests after making code changes. NASDAQ OMX has
    recommended to the SIP committee to create a formal certification process
    for any significant changes that can affect interaction with the SIP.

The SIP will continue to work with market participants, our members, and the
broader investing public, to help ensure efficient, transparent and reliable

Our objective is to learn from the events and work together to identify
appropriate solutions that improve the reliability, governance and operations
of the SIP.


CONTACT: Media Contacts:
         Joe Christinat
         (646) 441-5121
         (646) 284-5920
         Rob Madden
         (646) 441-5045
         (347) 740-0191

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