The U.S. Securities Exchange Commission has received notification from several market participants indicating their intent to use the National Association of Securities Dealer’s Alternative Display Facility as their primary order collection and display facility for a significant portion of their business in Nasdaq securities.

Therefore, in accordance with the SEC’s Aug. 29 order with respect to implementation of Nasdaq’s SuperMontage facility, the facility is authorized to begin operation on or after Oct. 11. This will allow market participants to adapt and test their systems to participate through the facility.

As noted in the August order, the commission will continue to separately review Nasdaq’s pending application to register as a national securities exchange. To consider a number of market structure issues, the Commission intends to hold comprehensive hearings this fall.