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.
Additionally, the NYSE will not disable the current optional MOC and LOC blocks that members have previously requested to be added to their individual mnemonics, as originally planned for this weekend.
The NYSE will announce new, simplified closing procedures in January 2009 in a separate client communication, and will couple the new systems blocks with those procedures at that time.
Please contact your Relationship Manager if you have any questions regarding this notice.
Category: Product News
