Today, all orders intended for the NYSE Broker Handheld (e-Broker™) on the NYSE trading floor must be routed through the Exchange’s order management system, NYSE BBSS®. Pending SEC approval, the NYSE will introduce a new service to allow orders to be routed directly to a Brokers wireless handheld device on the Trading Floor. This optional service will provide customers with greater choice, flexibility and redundancy when routing orders to a floor broker through the Common Customer Gateway (CCG).

See the attached NYSE Trading Technology Information Memo for additional information specifying FIX protocol changes that will support this new routing capability as well as additional details about the features and enhancements in the NYSE combined broker systems accompanying this new service. An NYSE Trader Update Notice will be sent once the anticipated SEC approval is received.

NYSE Trading Technology Information Memo

The New York Stock Exchange has rescheduled the introduction of enhanced MOC/LOC handling for March 9, 2009. In late December the NYSE postponed the original launch date to give all firms the ability to take advantage of the service. The NYSE will disable the current MOC and LOC blocks that member firms have previously added to their individual mnemonics the weekend prior to the March 9 launch.

Please note that there will be a change in how the Exchange Systems will handle cancel requests. Based on client feedback the Exchange will block all MOC/LOC cancel requests beginning at 3:50PM on all MOC/LOC orders entered before 3:40 PM and offsetting orders for previously published imbalances entered after 3:40 PM. Previously the Exchange Systems were going to begin blocking all cancel requests at 3:40 PM.

Attached is an updated memo highlighting the specifics of how the Exchange Systems will now handle MOC/LOC orders.

The NYSE and NYSE Alternext US will begin decommissioning SuperDot® and migrating symbols to the new SDBK Database on a stock by stock basis. The NYSE anticipates that this migration will begin at month end, but will announce the Day 1 migration shortly. As part of that process, the NYSE and NYSE Alternext US will no longer accept orders with settlement terms of Cash, Next Day or Seller’s Option for those migrated stocks. Orders in those stocks containing these settlement terms will be rejected as an “Invalid Settlement Term.”

Effective tomorrow, Friday, February 6, 2009, the Exchange is implementing a single-print close designed to reduce the manual processing required of the DMM to close a security. As a result, the imbalance (if any) of paired-off closing transaction and stop orders elected for execution on the close will now be reported to the Tape as a single transaction and print.

The Exchange anticipates that consolidation of the separate transactions and prints will increase the efficiency of the closing process, resulting in speedier reporting of closing transactions.

Member firms were informed on January 20, 2009, that the NYSE completed the migration to the new Common Customer Gateway ^SM order entry system and will begin to implement Phase II of our systems upgrades.

This technical notice, dated February 2, 2009, provides the details for the functional enhancements being introduced as part of the stock migration to the new SDBK^SM Database. Current NYSE and NYSE Alternext US Equities Trading functionality remains, unless explicitly stated otherwise.

In addition, a SDBK FAQ has been included for your reference at end of this notification.
Trading Technology Information Memo (January 20th, 2009)
Trading Technology Information Memo (February 2nd, 2009)

Pursuant to NYSE Alternext US LLC information circular No. 89-49, dated March 29, 1989, a cancellation of open orders was announced and effected for open orders on the books of the specialist for issues that were halted in excess of 30 days. Effective immediately, in order to be consistent with NYSE Euronext policies and procedures, the process of cancelling open orders in NYSE Alternext US LLC issues that were halted in excess of 30 days has been discontinued.

For questions concerning the above, please contact Kerri Ramirez at (212) 656-5542.