Nasdaq will run the Night Session (9pm-4am ET) on its existing trading systems via a distinct instance, using dedicated ports and protocols OUCH 5, Core FIX, and FIX for order entry. Overnight market data uses a separate ITCH feed. Key enablers are extended SIP hours (Nasdaq processes Tape C) for real-time consolidated quotes/trades, plus TRF reporting and DTCC clearing. A 1-hour pause handles maintenance. It's an extension of proven infrastructure, not new tech.