Electronic Interest Accepted after 4:00 pm to Offset Extreme Imbalance at Close
27 Dec 2010
Effective January 3, 2011, the NYSE and NYSE Amex have amended Rule 123C(9)(a)(1) to provide that if the Exchanges solicit interest after 4:00 p.m. to offset an extreme order imbalance at the close, member organizations can now enter interest electronically to Display Book or to a Floor broker in response to such a solicitation. Member organizations may continue to respond to Exchange solicitations by contacting their Floor brokers directly.
Category: Operations