The planned roll out of the previously announced enhancements to the handling of Market-on-Close and Limit-on-Close orders that was scheduled to begin this Monday, December 22, 2008 has been postponed to a later date. The Exchange has decided to delay the introduction of the order enhancement based on feedback we have received from our clients over the last week. The specific changes were originally announced in a detailed client communication on December 12, 2008.

The New York Stock Exchange is pleased to announce a significant enhancement to the current handling of Market-on-Close and Limit-on-Close orders. This initiative is designed to attract stabilizing liquidity to listed issues with significant imbalances at the end of the trading day while ensuring automatic compliance with Exchange rules governing submission of MOC/LOC orders.

As previously communicated in a prior client notice on November 21, 2008, the New York Stock Exchange will complete a reduction in CMS capacity by 50% effective for the beginning of trading on Thursday December 11, 2008. The Exchange now has over 70 firms connected to CCG and now receives approximately 90% of our daily order traffic through CCG connections.

On November 6, 2008, the SEC adopted a plan that will establish a uniform system for the selection and reservation of securities symbols. The result of this plan, which will become active 60 days from the above date, will mean that the allocation and use of symbols can be from one to five characters in length across all SROs. What this means for the New York Stock Exchange is the potential for NYSE Listed Companies to have a four- or five-character symbol as their ticker identifiers.

We are pleased to announce the relocation today of the NYSE Alternext US (former Amex) equities business from 86 Trinity Place to 11 Wall Street, New York. NYSE Alternext US equities and closed-end funds are now traded on Posts 1 and 2 on the NYSE floor.

With the relocation, we have completed a number of changes that position NYSE Alternext US as one of the premier markets for listing and trading of small- and micro-cap securities. Highlights of the changes include: