This document provides details regarding the changes associated with the Exchange's decision to quote and trade in penny increments only, and the adoption of a non-regulatory trading halt procedure in order to remain compliant with Regulation NMS in securities that are priced below $1.00 per share. The Exchange has implementing an approach to avoid any trading in a security at the Exchange when its price falls below $1.00 per share, while still permitting the security to remain listed so it can continue to be traded by other markets, including NYSE Arca, on an unlisted trading privileges (“UTP”) basis.
Floor Operations Information Memo
Final List of Subpenny Trading Halt