Today, customers receive two different billing indicators for Odd Lot Executions. The NYSE will return either a Blended or a Closing Blended liquidity indicator for Odd Lot Executions, depending on [+]whether the execution takes place during the trading day or in the closing auction. On this coming Monday, August 3rd, the NYSEs enhanced billing structure to provide a single liquidity indicator for all Odd Lot and Odd Lot portions of a PRL will go live.

Trading Technology Billing Indicator Notice

Effective August 1, 2009, the NYSE and NYSE Amex will implement pricing changes to the open and closing auctions as well as odd lots. Included in this price changes are:

• Reduced take rate of $0.0017, 32%-43% lower than other major exchanges, for qualified firms


• Odd-Lot pricing of $0.0018, still 28%-40% lower than taking on other major exchanges


• NYSE opening auction rate of $0.0005 with $10,000 monthly cap by firm


• NYSE and NYSE Amex closing auction rates of $0.0007

Now that CCG has fully rolled out on the NYSE, firms can take advantage of the new Expanded Activity ID service. This service allows firms to take in execution reports without receiving duplicate activity ID numbers. Please be advised that this is a subscription based service. When firms are ready to support the expanded activity ID in the required Tags, please contact the Connectivity Helpdesk at 1-888-689-7739 or send an email to support@nyx.com to activate this service. The NYSE is planning on decommissioning the current 9 digit activity id on March 30, 2010. Please review the work needed to accomplish this by that date.

Technology Information Memo

Currently, the NYSE Exchange systems limit the maximum order size to 6.5 million shares for both the Display Book® (DBK) and the Broker community. The NYSE plans to increase the maximum allowable order size to 99,999,900 shares for any order routed directly to the NYSE eBrokerTM handheld from a proprietary OMS. Orders routed directly to either DBK or NYSE BBSS® will continue to be restricted to the current 6.5 million shares maximum order size.