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NYSE Trader

Third Party Algorithm Provider New Indicators

05 Oct 2009

On or about October 16, the NYSE e-Broker™ hand-held device is being enhanced to allow Floor Brokers to route interest to a new Third Party Algorithm (“Algo”) provider. CCG customers may receive new values in Tag 9570 (ExecAwayMktId) and Merged Order Log users may receive new billing indicator values (position 157 on report messages (2A-2E)) on execution reports for interest routed through a third party broker algorithm. Third party algo providers may elect to accept responsibilities for transaction fees and bill customers directly for this service. New values are listed below:
  • "F" representing NYSE e-Broker hand-held interest routed to the NYSE Trading Systems
  • "G" representing NYSE e-Broker hand-held interest routed away from the NYSE Trading Systems

For more details regarding Third Party Broker Algos and NYSE System processing
Third Party Algo Information Memo

Category: Operations


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