The UTP Plan Quotation Data Feed (UQDF)
Data Feed Interface Specifications, March 7, 2005

7.5.2.2 Quote Condition 

This field defines the condition applicable to the quote.
The allowable values are as follows: 

A Manual Ask, Automatic Bid *
B Manual Bid, Automatic Ask *
F Fast trading 
H Manual Bid and Ask *
I Order imbalance 
L Closed quote 
N Non-firm quote 
O Opening quote * 
R Regular, two-sided open quote * 
U Manual Bid and Ask (non-firm)
Y Regular, one-sided open quote * 
X Order influx 
Z No open/no resume 

* Note: The SIP will only include those UTP Participant BBO Quotes with a quote condition 
marked with an asterisk "*" in the list above in its National BBO calculation. 

The UTP Plan Quotation Data Feed (UQDF) 

At the National BBO level, the allowable values are follows: 

Code Value 
L Closed quote 
R Regular, two-sided open quote 
Y Regular, one-sided open quote 

Note: Firms should not use the Quote Condition field alone to determine trading status for a 
given issue. Firms must process the Trading Action administrative message for trading halt, 
quotation resumption, and trading resumption status changes for NASDAQ-listed issues. 

Quote Conditions: 

Depth on Ask Side When there is more size behind the quotation being disseminated for the Ask. 
This depth may be at the Ask price of the quote or at a price immediately outside the 
disseminated Ask quote. 

Depth on Bid Side Similar to depth on Ask Side, only for the Bid size of the quote. 

Fast Trading For extremely active periods of short duration. While in this mode, the UTP 
participant will enter quotations on a "best efforts" basis. 

Depth on Bid and Ask. There is more size behind the reported quotation for both the 
Bid and Ask. The depth may be at the price of the quotation or immediately outside the quotation. 

No Open/No Resume. If the UTP participant has a trading halt or an opening delay that is to 
be in effect for the rest of the trading day, this condition will be marked. 

Non-firm Quote The UTP participant has suspended the firm quote obligation for the reported security. 

Opening Quote The first quote from a given UTP participant for a security. 

Order Imbalance A non-regulatory halt condition used when there is a severe Buy or sell order 
imbalance. To prevent a disorderly market, trading is temporarily suspended by the UTP participant. 

Order Influx A non-regulatory halt condition used when there is a sudden order influx. To prevent 
a disorderly market, trading is temporarily suspended by the UTP participant. 

Quote Closed This condition is disseminated by the UTP participant to signify either the last 
quote of the day or the premature close for the day. In the latter case, the UTP participant may 
reopen the quote by subsequently submitting a quotation with a Regular Open Quote Condition 

Regular, Two Sided Open Quote. Indicates a normal trading environment where the UTP participant 
is showing interest on both sides of the market. 

Regular, One Sided Open Quote. Indicates a normal trading environment where the UTP 
participant is showing interest on only one side of the market (Bid or Ask).