Reminder: On Wednesday, August 1, 2012, the NYSE and NYSE MKT will officially launch its Retail Liquidity Program which provides an additional opportunity for price improvement to retail orders within an exchange environment, and enables greater transparency, liquidity and competition for individual investor orders. Any NYSE or NYSE MKT member can enter an order to offer price improvement for retail customers, as long as they are willing to improve the Protected Best Bid or Offer (PBBO) by at least $0.001.
Customers are reminded that the NYSE user acceptance testing facility is currently available to support testing of the new Retail Liquidity Program’s order types. Customers wishing to take advantage of this service should contact firstname.lastname@example.org or 888.689.7739 Option 2 for further information.
For additional details on how your firm may take advantage of this new service as a Retail Member Organization or as a Retail Liquidity Provider, please refer to the technical notice and documents linked below. For additional business questions or comments, please contact your Relationship Manager or one of the additional contacts below:
Technical Changes in Support of Retail Orders