Nasdaq's Robo-Fix for Botched Trades Saves Trader Tears
Published Date: 8/11/2025
Notice
Summary
Nasdaq is rolling out a cool new feature in its WorkX platform that makes fixing rejected trade reports super easy by automating the resubmission process. Plus, they’re changing the deadline for submitting price override requests to give users a better timeline. This update kicks off in the third quarter of 2025 and will help traders save time and avoid headaches.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 1 costs, 2 mixed.
WorkX PRO Monitor automates PORs
Nasdaq will add WorkX PRO Monitor (Full and Lite) to automate the manual price override request (POR) process so firms can submit PORs and track approvals in real time instead of calling or emailing FINRA Operations or Nasdaq MarketWatch. The Lite Version will be offered at no additional cost and the Full Version will include extra automated features (resubmit button, charts, notifications).
New POR submission time windows
Nasdaq will limit POR submissions and processing to 8:00 a.m. to 9:15 a.m. ET and 4:00 p.m. to 8:00 p.m. ET (with alternate 8:00 a.m.–9:15 a.m. ET and 1:00 p.m.–5:00 p.m. ET on early-close days). The Exchange is shortening the Pre-Market window by 15 minutes to ensure price validation is re-enabled by market open.
Five‑minute disablement for Lite/non-WorkX users
After POR approval, the system will automatically re-enable price validation after five minutes for PRO Monitor Lite users and for firms that are not WorkX subscribers (MarketWatch-submitted PORs). Full Version users will have automated immediate re-enablement and the Full Version process will not take more than five minutes.
Free Lite tier; paid Full tier later
Nasdaq will offer a PRO Monitor Lite Version at no additional cost to WorkX subscribers and intends to file a subsequent fee filing to set pricing for the PRO Monitor Full Version. Firms can choose whether to use the free Lite Version or subscribe to the Full Version with additional features.
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