NYSE procedures for Russell Reconstitution; MOC/LOC rules; Communication & Contingency Scenarios all follow in the memo provided in the link below. This notice has been updated with the newly released Russell Information Memo and Trading Near or on the Close FAQ.
On June 29, 2009, the newly rebalanced Russell indices (Russell Global Index, Russell 1000® Index, Russell 2000® Index Russell 3000® Index and Russell Microcap® Index) will go into effect and will remain in place for the next 12-month period. The newly reconstituted indices will take effect after the close of the U.S. equity markets on Friday, June 26, 2009. The Russell Investment Group will use the NYSE Closing trades to price the NYSE-listed and NYSE Amex-listed securities added to the indices.
Russell Reconstitution - NYSE Procedures
Russell Information Memo
Trading Near or on the Close FAQ
Category: Operations, Traders