In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a third industry test in the production environment on Saturday, February 26, 2011. Similar to the industry tests on February 12 and 19, scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs.

On Saturday, February 19, 2011, the NYSE and NYSE Amex supported production Sell Short Restriction industry testing. Please find an annotated script, with detailed timeline, in the document linked below.

Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.

NYSE and NYSE Amex SSR Industry Test Timeline

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a second industry test in the production environment on Saturday, February 19, 2011. Similar to the industry test on February 12, scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs. As stated in prior notices, we will also be supporting a production SSR test on Saturday, February 26, 2011.

On Saturday, February 12, 2011, the NYSE and NYSE Amex supported production Sell Short Restriction industry testing. Please find an annotated script, with detailed timeline, in the document linked below.
Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.
NYSE and NYSE Amex SSR Industry Test Timeline

The NYSE and NYSE Amex have updated their FAQs on Short Sale processing and have added several scenarios to their test script for the Short Sale industry test on February 12, 2011 to reflect the SEC’s exemptive relief under Reg SHO to use a reference price other than the current national best bid for short sale orders executed in single-price auction transactions when the short sale restriction is in effect.

NYSE and NYSE Amex FAQ for SEC Rule 201 (Short Sale)
Revised SSR Industry Test Information Memo

On February 11, 2011 a New Open Order file will be available via Autoroute (Product ID 06240620) for Firm testing. The new Open Order file will contain a complete listing of all open GTC orders as well as current day Corporate actions.

The SEC has granted the NYSE /NYSE Amex relief under Reg SHO to use a reference price other than the current national best bid for short sale orders executed in single-price auction transactions when the short sale restriction is in effect. Short sale orders will be filed as follows for single-price auction transactions:

• Opening – one minimum price increment above the national best bid at 9:30 am. (Where there is no national best bid at 9:30 am, short sale limit orders for the opening will be filed at their limit prices). Filing prices will be disseminated on both the NYSE and NYSE Amex Imbalances feed. See link for detailed: NYSE Order Imbalances Client specification

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a testing in the production environment on Saturday, February 12, 2011. Scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote lines.

Please find the test script and approximate time schedule in the document linked below.

In light of the winter storm affecting the New York City metropolitan area, the NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day today, February 2, 2011. Members and Member Firms should anticipate normal market opening and closing times.

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