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.
Category: Connectivity, NYSE Amex , Product News