« NYSE and NYSE Amex Fees Changes Effective January 1, 2012 | Main | NYSE and NYSE Amex Retail Liquidity Program -- Update »

NYSE Trader

Enhancement to Pegging Orders

13 Jan 2012

On January 17, 2012, NYSE/NYSE Amex will begin implementation of two changes to the operation of pegging e-Quotes.


First, pursuant to an amendment to NYSE Rule 70, pegging e-Quotes, which normally peg to the national best bid or offer, will now join the next available best-priced non-pegging interest if pegging to the NBB/O would execute against the Exchange BBO. Second, pursuant to an amendment to NYSE Rule 72, non-pegging interest that becomes the Exchange BBO will now be considered the setting interest and will retain priority at the BBO.


The Exchange will implement these changes on a symbol basis over the next two to three weeks and will post a list of those symbols the day before they are cut over. The first set of symbols for cutover on January 17, 2012 is linked below.

Rollout Schedule

Rule 70
Rule 72

Category: Technical


Categories

Connectivity (33 entries)

NYSE Amex (48 entries)

Operations (179 entries)

Product News (56 entries)

Securities (49 entries)

Technical (9 entries)

Traders (19 entries)

Trading Floor (7 entries)