As previously announced, in the first quarter of 2010, the NYSE Amex plans to trade NASDAQ listed equities on an Unlisted Trading Privilege (UTP) basis. In support of that effort, [+]the NYSE has been supporting Saturday industry testing opportunities in the production environment, the next of which is scheduled for Saturday, December 12, 2009. Firms wishing to participate in the test must register by sending an email to Michael Paulyson at mpaulyson@nyx.com. Please see the linked documents below for further details.

Trading Technology Info Memo - NYSE Amex Trading of NASDAQ Symbols Under UTP – Industry Testing
Trading Technology Info Memo - NYSE Amex Trading of NASDAQ Symbols Under UTP
Trading Technology Info Memo - PT 160

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.