In support of the SEC amendments to Rules 200(g) and 201 of Regulation SHO, otherwise known as the SEC Alternative Uptick Rule, the NYSE and NYSE Amex will re-introduce Sell Short Exempt as a valid order type. The NYSE and NYSE Amex will begin accepting Sell Short Exempt orders on the effective date of the Rules, currently set for November 10, 2010. Sell Short Exempt orders sent prior to this date will be rejected, as they are today.
Customers wishing to route an order (FIX message type "D") or cancel/replace (FIX message type "G") as Sell Short Exempt must populate FIX Tag 54
Future notifications will be provided to outline the NYSE's tick test processing changes and provide further information regarding testing opportunities and exact implementation dates. Please contact your Relationship Manager or Robert Airo should you have any business questions or comments:
Robert Airo
rairo@nyx.com
212.656.5663
Category: Product News
