Effective Thursday, June 24, 2010, the NYSE and NYSE Amex will modify Common Customer Gateway (CCG) parameters to increase the allowable maximum order size up to 25,000,000 shares. This new limitation will be effective for all orders routed to the Display Book (DBK), Broker Booth Support Systems (BBSS) or directly to the eBroker Hand Held.
Additionally, DBK parameters will also be modified to increase the Automatic Execution (NX) limits to 5,000,000 shares for stocks priced below $5.00 with an average daily volume of 10,000,000 shares or more traded on the NYSE. Currently Sprint Nextel Corporation (ticker symbol: S) and Citigroup Inc.(ticker symbol: C) meet those criteria. Stocks will be evaluated on a quarterly basis for NX limitation adjustment with any updates published to NYSE Trader.
Should you have any questions, please do not hesitate to contact:ยท
Michael Paulyson at mpaulyson@nyx.com or 212.656.2721
Robert Airo at rairo@nyx.com or 212.656.5663
Your Relationship Manager
Category: Operations
