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NYSE Trader Updates

October 2007 Archives

Amendment to NYSE Rule 18

23 Oct 2007

The NYSE has amended NYSE Rule 18 (“Compensation in Relation to Exchange System Failure”) to reduce the dollar amount required in order for a member organization to seek compensation in the event of an Exchange System failure. Effective October 23, 2007, the minimum dollar amount is now $500, reduced from $5,000.
Market Surveillance Information Memo

Category: Connectivity

Riskless Principal Trading Orders go live on 01/16/08

12 Oct 2007

January 16th, 2008 will be NYSE’s operative date for processing of the new SEC approved Riskless Principal Trading Orders. This memo provides information regarding the necessary technology changes member firms will be required to make to use the new facility and comply with the associated NYSE Rule 92 reporting requirements.
Technology Information Memo

Category: Traders

"Open on Quote" SAPI Message Rollout begins 10/12/07

12 Oct 2007

Effective October 12th, the NYSE will begin implementation of new software that will publish specialist interest to the NYSE OpenBook, intermingled with other limited interest, as well as enable the specialist to open stocks on a quote electronically from their Specialist API.
Market Surveillance Information Memo

Category: Operations, Traders

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Operations (25 entries)

Product News (8 entries)

Securities (9 entries)

Traders (8 entries)

Trading Floor (4 entries)