In support of the NYSE's Take/Provide billing structure, the Exchange is enhancing its trading system to clearly identify customer executions with new billing indicators. These indicators will be provided both in real time on CMS execution reports as well as in your Post Trade reports (Merged Order Log).
On Monday, January 28, 2008, the NYSE will turn the new billing codes on for approximately 25% of NYSE Listed Securities. On Wednesday, January 30, 2008 the NYSE will turn the Liquidity Take/Provide billing codes on for the balance of the trading floor. See CMS Execution Report Indicators and Merged Log Liquidity Indicatorsfor previously published technical specifications for coding these new liquidity values.
Trading Technology Information Memo (CMS Execution Report Indicators)
Trading Technology Information Memo (Merged Log Liquidity Indicators)
Category: Operations, Product News
