On March 25, 2011, the Exchange filed for immediate effectiveness an amendment to NYSE Rule 440B, which provides that short sale orders that have been displayed pursuant to Rule 440B(f) or that are not yet marketable and therefore have not yet been re-priced, and that would otherwise be required to be routed to another exchange pursuant to Reg. NMS, will be repriced to comply with the SEC Short Sale rules and Reg. NMS.
Further, under such scenario, DMM interest will be cancelled. Implementation of software changes to support this amendment, originally scheduled to be rolled out over two weeks beginning on March 25, 2011 and completed today, has been delayed and will be completed on or about April 25, 2011.
Category: Operations
