Nasdaq today published a notice regarding a Nasdaq Workstation and ACT Workstation technology update.
Nasdaq Workstation’s Dynamic Quote and Order Entry Services and ACT Workstation’s Interact and Upload services are built with Adobe Flash Player, which will reach end-of-life as of December 31, 2020. Nasdaq is re-writing these Flash components on a modern React framework and will release the upgraded components by December 31, 2020.
The software upgrade will seamlessly update and no changes are required by customers.
In 2021, Nasdaq will be introducing a next generation of the Nasdaq and ACT Workstations, WorkX, on a cloud based-technology stack using a React user interface framework. Starting in the first quarter of 2021, Nasdaq will launch enriched FINRA/Nasdaq TRFTM, trade reporting and monitoring tools to improve supervisory controls, workflow efficiency, and overall product experience.
Let’s note that ACT Workstation is a low-cost, browser-based application that electronically facilitates trade reporting and clearing functions for trades reported to FINRA/Nasdaq TRF. Some special functions for Nasdaq trades are also supported.
The list of advantages includes:
- Historical data add-on provides access to six months of data;
- Multiple MPID view requires one login;
- Customizable workspace configuration personalizes your experience;
- Consolidated pages allow for easy, intuitive scanning;
- Scalable build allows for future enhancements.
The Nasdaq Workstation, a data-rich quoting and trading product, offers:
- Extensive market making and order entry capabilities;
- Extremely low-cost access to Nasdaq web-based connectivity – connect from virtually anywhere;
- A web-based interface with Nasdaq’s trade reporting system, ACT;
- Access to Nasdaq’s multiple crosses available throughout the trading day.