Beginning on October 1, 2008, the Exchange is doubling the LRP ranges. By widening the current values, the Exchange is limiting the amount of time automatic execution is suspended, while continuing to provide protection from volatile order flow. This will allow for more continuous automatic executions of securities but continue to integrate the auction market to provide the opportunity for additional liquidity.

New LRP Ranges

NYSE Regulation Information Memo

In a previous client communication on August 5, 2008 the Exchange reported that we will be decommissioning CMS on December 31, 2008. As part of that communication, we mandated a cutoff date of October 3, 2008 for all new CMS session requests. As a reminder this Friday, October 3, 2008 will be the last day the Exchange will accept new CMS sessions requests.

CCG connectivity is now responsible for 75% of the orders entered in to Exchange systems on a daily basis. With this milestone reached, we have reduced capacity in CMS by one-third, with plans to reduce the capacity further as the CCG connected order flow percentage increases.

NYSE Trading Technology Memo
NYSE Fix Specification & User Guide Version 3.5.1

Washington Mutual Inc., (WM), Washington Mutual Preferred K (WM PRK) & Washington Mutual Preferred R (WM PRR) have been subject to a Regulatory Halt since last last Friday, 26, September 08. The company will be delisted from the NYSE today and will be available to trade in the Pink Sheets.

Orders entered in these securities may be canceled today. Any orders not canceled today will be deleted overnight and these symbols will no longer be available as of tomorrow, Tuesday, 30, September 08.

Important update regarding NYSE trading in Washington Mutual Inc. (WM) and Washington Mutual Preferred K (WM PRK) today, Friday, 26 September 08.
Consistent with Reg NMS, NYSE will open WM and WM PRK for a single transaction, then immediately place it in an Operational Trading Halt under the NYSE Sub-penny Pricing rule.
Firms should cancel any orders in WM and WM PRK that are not executed in the Opening transaction. After the close of business today, NYSE will cancel any unexecuted orders in WM and WM PRK.

As previously announced in the September 9, 2008 Information Memo titled ‘NYSE/Amex Integration – Trading Systems Update', member firms were informed that Amex Equities will be migrated onto the NYSE Trading Platform in the December 1, 2008 time frame. In preparation for this integration, the NYSE will support Member Firm testing on four Saturdays throughout October and November for firms to ensure their readiness. It is recommended that all Member Firms participate in the planned testing.

NYSE/Amex Integration – Industry Testing
NYSE/Amex Integration – Trading Systems Update
NYSE/Amex Integration – Post Trade Update

Effective Thursday, September 25, 2008, the NYSE-listed issuers found below have been added to the list of financial firms that meet the SEC's revised criteria to the Order prohibiting short selling. An updated list of all NYSE-listed issuers covered under the Order is available here. For more information on the SEC Order, go to http://www.sec.gov/news/press/2008/2008-218.htm.

Effective Wednesday, September 24, 2008, the NYSE-listed issuers found below have been added to the list of financial firms that meet the SEC's revised criteria to the Order prohibiting short selling. A full updated list of covered securities is available here. For more information on the SEC Order, go to http://www.sec.gov/news/press/2008/2008-218.htm.

Effective Monday, September 22, 2008, 4:00pm, the NYSE-listed issuers found below have been added to the list of financial firms that meet the SEC's revised criteria to the Order prohibiting short selling. For more information on the SEC Order, go to: http://www.sec.gov/news/press/2008/2008-218.htm. Or click here for the current full list of NYSE-listed companies covered under the order.

(Updated with compiled list of NYSE-Listed Companies from 09/19/08 and today, 09/22/08) Please note that Credit Suisse Group has been added to the list, and that GLG Partners, Inc, listed in an earlier entry here as "LG", has been revised with its correct symbol, "GLG".

Please be advised that, effective immediately, the SEC has revised its temporary emergency action with respect to the Order prohibiting short selling in financial firms. As there are material differences in the application of the prohibition, you should read the new SEC order, which can be found at: http://www.sec.gov/news/press/2008/2008-218.htm.
SEC NYSE Short Sale Prohibiton List

Please be advised that today the SEC has revised its temporary emergency action with respect to the Order prohibiting short selling in financial firms. As there will likely be material differences in the application of the prohibition, you should read the new SEC order. The SEC has informed us that all companies that were covered by Friday's order will also be covered by the revised short sale prohibition. The SEC has also advised us that it expects to delegate to each national securities exchange the authority to identify additional listed companies that qualify for inclusion in the list of companies covered by the revised prohibition.

Effective immediately, the SEC Emergency Order eases time and volume restrictions on 10b-18 repurchases. All other provisions of Rule 10b-18, including the manner and price of purchase conditions, remain in effect.

SEC Release No. 34-58588

Effective immediately the SEC Emergency Order prohibits short sales for 799 securities noted in Appendix A of the linked SEC Order. Please note that the SEC exempted the following from the prohibition: “registered market makers, block positioners, or other market makers obligated to quote in the over-the-counter market, in each case that are selling short a publicly traded security of an Included Financial Firm as part of bona fide market making in such security.” Please refer to the Order for a full list of exemptions.

Please also note that NYSE systems will not block sell short orders. The SEC Order requires that firms be responsible for compliance with this Order.

SEC Release No. 34-58592

NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Lehman Brothers Holdings, Inc. (the “Company”) – ticker symbol LEH, as well as the 13 related NYSE and NYSE Arca listed securities listed in the Regulation Announcement in the link provided below, should be suspended immediately.

NYSE Regulation Announcement

The NYSE has lifted the news dissemination halt on Lehman Brothers allowing other markets, including NYSE Arca, to trade the security. Lehman will not open or trade on the NYSE.

The decision to lift the news dissemination halt was based on Lehman’s press release issued last night outlining Barclays agreement to acquire Lehman Brothers' North American investment banking and capital markets operations.

As previously reported, Standard & Poor’s has removed Lehman from their indices. For additional detail on the removal of Lehman from the S&P please go to the S&P website.

S&P recognizes that there was a trading halt today in Lehman Brothers and will be posting on their website tonight, at 5:15pm, instructions regarding Lehman Brothers and the S&P Index.

Lehman Brothers is scheduled to come out of the S& P Index this evening however the stock has been placed on a news dissemination halt. We are currently investigating with the S& P how it will be handled.

As previously reported, the Consolidated Trade System (CT) experienced problems this morning between the opening and approximately 9:38am. The system did not publish sales in Tape A securities (NYSE-listed) from any exchange in the security symbol range 'A' through 'L'. The New York Stock Exchange has provided to the Consolidated Tape System all of its opening prints in the affected symbols, and the Consolidated Tape System has added these prints to the tape with an 'N' exchange modifier, and an 'OPD' trade modifier (indicating an out-of-sequence, opening trade).

Please note that different vendors will process trades marked with 'OPD' differently for VWAP calculations. For example, Bloomberg may include these trades in its VWAP calculation while Thomson Reuters will not. If you have any questions regarding various VWAP calculations or other treatment of 'OPD' trades, please contact your market data vendor.

List of NYSE impacted securities

The Consolidated Trade System (CT) experienced problems this morning at the opening. The system did not publish opening sales to the consolidated tape for securities A through L in Tape A.

Please note that the NYSE opened these securities and issued trade reports throughout this period at the correct trade prices, and that they continue to trade.

CT will be modified today to include the NYSE opening trades. Those trades will be printed to the tape with an .OPD indicator to note them as the opening trade.

If you have questions regarding these adjustments please call 866-368-3375.

LEH Preferreds will trade on the NYSE at the opening. LEH Preferreds trading under $1.05 at the opening will follow sub-penny rules thereafter. NYSE will be sending indications on these securities.

Consistent with the guidelines under the NYSE Sub-penny Trading Rule, Lehman Brothers Inc. (LEH) will not trade on the NYSE today. Trading will take place in Arca today. NYSE orders in the common will begin routing to NYSE Arca with NYSE Arca pricing applied Tuesday 9/16/08. Please be advised that LEH continues to be listed on the New York Stock Exchange. Please also be advised that LEH preferreds continue to be listed and traded on the New York Stock Exchange.

In order to allow customers to cancel existing orders in the NYSE's system, LEH will remain active until close of business today at which time the NYSE will cancel any remaining orders in this symbol. Starting tomorrow all orders in this symbol will be routed to NYSE Arca with NYSE Arca pricing applied.

The New York Stock Exchange (NYSE) has announced the following in connection with today's market news and conditions with respect to Lehman Brothers. Lehman Brothers Holdings Inc. (“LBHI”) announced today that it intends to file a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI will be included in the Chapter 11 filing and all of the broker-dealers will continue to operate.
Lehman Brothers continues to be a member firm and a listed company of the New York Stock Exchange until further notice.

Trading of Lehman Brothers Stock
The stock of Lehman Brothers Holdings (LEH) is being traded today on NYSE Arca as of 4:00 a.m.

Lehman Specialist Unit
Effective immediately, Goldman Sachs will be assuming responsibility for NYSE-listed securities in which Lehman Brothers MarketMakers, a division of Lehman Brothers, has served as the specialist. Lehman specialist staff and technology will remain in place, and Goldman Sachs will oversee staff, trading and risk management.
Goldman Sachs will also be responsible for clearing activity of the Lehman specialist unit in these securities going forward.
This arrangement will remain in place until a more permanent alternative can be arranged. We will keep you apprised of further developments as we work to ensure a smooth transition as well as fair and orderly markets in all NYSE-listed securities.

Additional
NYSE Rule 48 is in effect today: pre-opening indications are not required.

Effective immediately, consistent with the guidelines under the NYSE Sub-penny Trading Rule, orders in Fannie Mae (FNM) and Freddie Mac (FRE) common will be routed to NYSE Arca with NYSE Arca pricing applied. Please be advised that both FNM and FRE continue to be listed on the New York Stock Exchange. Please also be advised that the FNM and FRE preferreds continue to be listed and traded on the New York Stock Exchange.

To maximize customer's execution and order routing flexibility for tomorrow, we are cancelling all GTC orders in FNM and FRE. Please expect an announcement from the NYSE in the morning with regard to how these issues will be handled for trading on September 11, 2008.

As previously announced in the August 15, 2008 NYSE Trader Update, NYSE Euronext is moving the timing of the American Stock Exchange equities integration to early December from mid-September. The extension responds to member firms' requests for additional time to make and test necessary programming changes, as well as for trading and post-trade system modifications that will make the transition easier for the firms. Amex-listed structured products and ETFs that will be transferring their listing to NYSE Arca will move in a phased approach beginning shortly after the closing of the transaction and continuing through the end of November. Upon completion, all Amex equities will then be migrated over to the NYSE trading platform. Additionally, changes are being implemented to pass the executing exchange back to the firms in CCG FIX Tags 207 (SecurityExchange) and 30 (LastMkt) as well as on new fields/values of NYSE Post Trade and Intra-day Contract outputs.

NYSE/Amex Integration – Trading Systems Update
NYSE/Amex Integration – Post Trade Update

The NYSE continues to actively monitor trading in FNM and FRE and their related securities. These issues will continue to be listed, traded, and quoted on the NYSE as the primary market on Wednesday, 10 September 2008.

We will issue a separate notice regarding trading on Thursday, 11 September 2008, after Wednesday's close.

The NYSE continues to actively monitor trading in FNM and FRE and their related securities. These issues will continue to be listed, traded, and quoted on the NYSE as the primary market on Tuesday, 09 September 2008.

We will issue a separate notice regarding trading in these securities on Wednesday, 10 September 2008, after Tuesday's close.

New York, Sept. 8, 2008 - The New York Stock Exchange (NYSE) announced that the common and related preferred stock of Fannie Mae (ticker symbol FNM) and Freddie Mac (ticker symbol FRE) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, Sept. 8, 2008 due to U.S. federal regulators action related to Fannie Mae and Freddie Mac. (Full list of securities affected by the halt are listed at the end of this posting).