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.”
The NYSE and NYSE Alternext US intend to file proposed rule changes with the SEC shortly, reinstituting acceptance of orders with these settlement instructions for manual execution by submitting them directly to Floor brokers through non-NYSE applications. Pending SEC approval, firms will be notified via an NYSE Trader Update about the ability to accommodate Cash, Next Day and Seller’s Option terms on the NYSE and NYSE Alternext US.
Members, Member Organizations and Vendors interfacing with the Common Customer Gateway (CCG) should note that CCG will prohibit the values "1" Cash, "2" Next Day and "3" Seller’s Option in FIX Tag 63
Please contact your Relationship Manager, if you require further details.
Category: Operations
