Beginning next Monday, November 23, 2009, customers of NYSE Euronext's U.S. cash equities markets will have access to a web-based service for submitting Clearly Erroneous Execution review requests. The new CEE submission process is designed to speed and simplify entry of review requests while helping customers meet the deadline for providing all the relevant execution information, which is typically 30 minutes after execution.

Pending SEC approval, the NYSE will introduce - on a date to be announced - a new Closing Offset (“CO”) order that will participate in the closing trade on the opposite side of any imbalance. The introduction of the CO order is part of a comprehensive change to the Closing procedures described in the appended rule filings, which include changes to the time parameters governing submission and cancellation of MOC/LOC orders.

The New York Stock Exchange will implement changes to accept limit and stop orders priced less than $1 entered in sub-pennies for all securities listed on both the NYSE and NYSE Amex without rounding such prices to the nearest whole penny. Orders priced equal to or greater than $1 entered in sub-pennies will continue to be rejected, as is done today. Pursuant to Regulation NMS Rule 162, limit orders priced under $1 in increments smaller than .0001 will be rejected. Please refer to the attached link for additional technical details.

NYSE to Suspend Trading in CIT Group Inc. and Related Securities Moves to Remove from the List

NEW YORK, November 2, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of CIT Group Inc. (the “Company”) – ticker symbol CIT – as well as the 3 related listed securities below, should be suspended prior to the market opening on Tuesday, November 3, 2009.

Previously, the NYSE announced its compliance with the 2008 SEC accord to support uniform symbology across all exchanges, along with availability for firms to test both four- and five-character root symbols in the User Acceptance Test (UAT) environment (see the December 2, 2008 Trader Update).

• "F" representing NYSE e-Broker hand-held interest routed to the NYSE Trading Systems
• "G" representing NYSE e-Broker hand-held interest routed away from the NYSE Trading Systems

Effective Monday, October 5, 2009, the NYSE is amending its Rule 128, entitled Clearly Erroneous Executions. The amended rule is the result of a coordinated effort among all national securities exchanges to improve the consistency of clearly erroneous execution rules at such exchanges and to add more objective criteria to be used in handling clearly erroneous executions. NYSE AMEX is adopting the same rule. Key components of the Rule are highlighted in the attached Information Memo.

Regulation Information Memo

Effective October 1, 2009, NYSE Amex equities will increase the liquidity-providing rebate for all customers to $0.0030 per share from $0.0015 in securities priced above $1, including displayed and non-displayed orders. The take rate for removing liquidity remains $0.0025. In addition to receiving a higher rebate, posted customer orders have a strong chance of first execution given our aggressive liquidity takers and the benefits of a parity market. The inverted pricing plan will be in effect for a minimum of three months.

Arca ETP holders may also take advantage of this inverted pricing by using the PO+ order type to send orders to NYSE Amex.

If you have questions please contact your Relationship Manager.

For a Link to the Update

In August of 2010, NYSE Euronext plans take the first steps in migrating trading of its US markets to its new, state-of-the-art data center. Construction of this facility is well underway and represents a significant investment by NYSE Euronext to provide our customers with a technology platform that can facilitate industry leading performance with greater security, flexibility and collocation opportunities.

As previously announced in the NYSE Trader Update of September 8, 2009, NYSE Amex is preparing to trade NASDAQ Listed Equities and selected ETFs on an Unlisted Trading Privilege basis starting on a date to be announced early in the first quarter of 2010.

Effective September 25, the On-line Comparison System (NYSE OCS ®) will be modified to require an Entering Firm, Branch/Sequence and Account Type on NYSE and NYSE Amex add transactions. In addition the "stamp" functionality will be disabled for OCS Clearing Firm users. In lieu of the "stamp" functionality, all Clearing Firm users should add their side of an execution to OCS to be matched against their contra party. These changes are being implemented to conform to NYSE Rules 123(e) and 123(f). Details of the processing for adds and stamps are contained in the two notices below.

Trading Technology Memo PT 161

Trading Technology Memo PT 157

Information Memo 09-46

Effective October 1, 2009, NYSE Amex equities will increase the liquidity-providing rebate for all customers to $0.0030 per share from $0.0015 in securities priced above $1, including displayed and non-displayed orders. The take rate for removing liquidity remains $0.0025. In addition to receiving a higher rebate, posted customer orders have a strong chance of first execution given our aggressive liquidity takers and the benefits of a parity market. The inverted pricing plan will be in effect for a minimum of three months.

If you have questions please contact your Relationship Manager.
Inverted Pricing Special Memo

Before the trading day begins on Friday, the New York Stock Exchange community will observe a one-minute moment of silence in remembrance of the NYSE members and the thousands of others who lost their lives on 9/11. The moment of silence will begin with a single stroke of the NYSE bell at 9:25 a.m.

Updated NYSE procedures for Contingency Scenarios on the Close, in the event of a systems issue, follow in the memo provided in the link below.

NYSE Operations Memo

In response to member firm's requests, and as part of the NYSE’s deployment of the Super Display Book (SDBK), an expanded Account Field was implemented with plans to pass that tag back to firms on all CCG responses. As previously announced in the August 7, 2009 Trader Update, the NYSE will activate functionality to pass the Account Field back to firms on Monday, September 14, 2009.

In the 4th quarter timeframe the NYSE will support routing directly to NYSE MatchPoint, an electronic exchange facility that matches aggregated orders at predetermined times, via the NYSE Common Customer Gateway (CCG). This will allow any Member direct access to the NYSE MatchPoint facility via their current CCG connections in addition to accessing via an NYSE Arca FIX connection. Member Firms are being advised in advance in order to take advantage of this new service.

Technology Information Memo

On Saturday, October 24th, 2009, NYSE Euronext will be participating in the SIFMA industry-wide test in which all firms and exchanges are being asked to participate in a "mock disaster" by trading through their backup sites.

In addition to registration with SIFMA or any other market, NYSE Euronext is requesting that participating firms register for this test by contacting Chris Calcaterra at 888.689.7739. Registration must be done by Wednesday at 12 pm, October 21, 2009.

NYSE Euronext plans call for the NYSE to leave the trading floor closed and request that firms participating in this test trade through NYSE Arca. Firms submitting orders to the NYSE trading floor between the hours of 9:30 and 12:00 on Saturday, October 24th will get a “market closed” response.

NYSE Arca production systems will be used for the test; they will be up on Saturday, October 24, at 8 a.m. ET with an opening time of 9:30 a.m. ET and a closing time of 12 p.m. ET. To provide the most realistic environment for the test, we will bring up our NYSE Arca production system as we would for a normal production day. All Order entry, drop copy and ArcaBook sessions will be available for the test. All Listed, OTC, and Options symbols will be available for order entry.

Any firms that want to test connectivity to NYSE Arca can do so daily from 6am-8pm ET by calling the NYSE Arca connectivity support hotline (888) 689-7739