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NYSE Trader

January 2011 Archives

Sell Short Restriction Industry Testing on 2/12/11 and 2/26/11

31 Jan 2011

In support of the deployment of Sell Short Restriction (SSR) logic on February 28, 2011, the NYSE and NYSE Amex will participate in the Saturday industry tests on February 12, 2011 and February 26, 2011. Scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be provided over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs.

A test script with an approximate time schedule will be posted in the coming days. We are requesting that firms register for these tests by contacting the connectivity group at connectivity@nyx.com or 888.689.7739 option 1.

For any questions regarding this test, please contact:
• Michael Paulyson at mpaulyson@nyx.com or 212.656.2721 or
• Connectivity Group at connectivity@nyx.com or 888.689.7739 option 1

Category: Operations

Single Stock (Volatility) Trading Pauses

27 Jan 2011

NYSE and NYSE Amex have added functionality, similar to that of NYSE Arca, that is designed to prevent an erroneous execution from triggering an unnecessary volatility trading pause (VTP) in securities included in the Single Stock Trade Pause pilot (all securities in the S&P 500 and Russell 1000) under Exchange Rule 80C. This new functionality provides that a single execution priced at or higher than the 10% Threshold Move from the last consolidated sale will no longer trigger a VTP. Beginning on January 28, 2011, NYSE and NYSE Amex systems pause trading in a pilot stock only after three breaches of the Threshold Move within the preceding five-minutes.

Updated FAQ regarding NYSE and NYSE Amex Rule 80C
NYSE/NYSE Amex Rule 80C
NYSE Euronext comment letter to SEC regarding additional functionality

Category: Operations

Floor Broker Systems to Accept Orders up to 99 Million shares

27 Jan 2011

In order to allow for more efficient electronic processing of very large orders sent to Floor brokers, beginning January 28, 2011, Floor broker systems will accept a maximum order size of 99,000,000 shares, an increase from the current limit of 25,000,000 shares. Note that orders sent to Display Book by Floor brokers are subject to the same maximum order size of 25,000,000 shares as all other market participants.

Notice of Immediate Effectiveness of amendments to Rule 1000

Category: Operations

NYSE Inclement Weather Notice – Normal operating hours for January 27, 2011

27 Jan 2011

The NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day today, January 27, 2011. Members and Member Firms should anticipate normal market opening and closing times.

Due to some reduced staffing levels following the inclement weather in the New York City area, we remind customers that they should confirm adequate staffing with their Floor Brokers before sending orders to them.

Should you have any questions regarding this update, please contact your Relationship Manager.

Category: Operations

Update: NYSE Inclement Weather Notice

12 Jan 2011

Confirming yesterday's notification, NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day today, January 12, 2011. Members and Member Firms should anticipate normal market opening and closing times.

The NYSE has coordinated its plans with NASDAQ OMX, BATS, and Direct Edge to ensure normal market operations. We will coordinate any change in plans with these markets and communicate to our members accordingly.

Should you have any questions regarding this update, please contact your Relationship Manager.

Category:

NYSE Inclement Weather Notice

11 Jan 2011

In anticipation of tomorrow’s expected inclement weather, NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day on Wednesday, January 12, 2011. Members and Member Firms should anticipate normal market opening and closing times.

The NYSE has coordinated its plans with NASDAQ OMX, BATS, and Direct Edge to ensure normal market operations. We will coordinate any change in plans with these markets and communicate to our members accordingly.

Should you have any questions regarding this update, please contact your Relationship Manager.

Category:

NYSE & NYSE Amex Observe Moment of Silence at 11 A.M.

10 Jan 2011

NYSE Euronext asks market participants and staff to personally join President Obama and the rest of the nation in a moment of silent prayer today at 11 A.M. for the victims of this past Saturday's tragedy in Arizona, and their loved ones. Our heartfelt sympathy and support go out to all those impacted by this tragic event.

Category: Operations

NYSE Fees Changes Effective January 3, 2011

04 Jan 2011

Effective January 3, 2011, pending SEC filing, NYSE is making the following changes to its equities trading schedules in securities priced below $1. The new fee schedule changes are highlighted below.


For customers and floor brokers in all securities priced below $1, the fee for removing liquidity will be the lesser of 0.3% of the total dollar value of the transaction or $0.0023 per share.
It will remain free to post liquidity in securities priced under $1 on the NYSE.


All other pricing remains unchanged.


If you have questions, please contact your Relationship Manager at rmteam@nyx.com.

Category: Operations


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