NYSE Trader

NYSE Amex Fee Changes Effective May 1

2012-04-27T20:08:48Z

Pending effectiveness of filings with the SEC, NYSE Amex intends to make the following changes to its Fee Schedule.

The changes are intended to be effective May 1, 2012.

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For Nasdaq-Listed (Tape C) securities:

-- Customers taking liquidity in securities with a per share price of $1.00 or more will now receive a rebate of $0.0003 per share, from the current $0.0027 fee. There will no longer be a fee for taking liquidity in securities with a per share price below $1.00. Previously there was a fee of 0.30% of total dollar value of the trade.
-- There will be no rebate or fee for customers providing liquidity. Previously the rebate was $0.0030 per share for securities with a per share price of $1.00 or more.
-- The rebate for SLPs providing liquidity in stocks for which they meet the quoting obligations with a per share price of $1.00 or more will go to $0.0005 per share from $0.0031 per share.
-- The rebate for Block Rebate trades for customers and SLPs that display large liquidity will go to $0.0020 per share from $0.0036. The Block Rebate is paid to orders that provide liquidity and originally display a minimum of 2,000 shares in stocks priced at least $5.00 per share. Orders that are reduced by cancellation to less than 2,000 shares displayed prior to execution do not qualify for the Block Rebate.

For Amex-Listed securities:

-- In securities with a per share price of $1.00 or more, the fee for orders executed in the opening auction will be $.0005 per share. In securities with a per share price below $1.00, the fee for orders executed in he opening auction will be 0.30% of total dollar value of the trade. The fees for all opening auction executions are capped at $15,000 per month per member.

All other pricing remains unchanged

NYSE Amex will add 69 Nasdaq-listed securities for UTP trading effective May 1, for a total of 110 securities, accounting for 43.6% of Tape C consolidated volume. A list of the new and current UTP symbols available for trading is provided in the trader notice.

Contact Info:

If you have any questions, please contact your Relationship Manager directly or the RM team at rmteam@nyx.com.

Trader Notice

Update: Changes to format and content for Crossing Session 2 delayed until Monday May 7th, 2012

2012-04-24T19:33:16Z

Technical Specification Changes Required – The format and content of Crossing Session 2 will be changing

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Per NYSE Information Memo 11-6, CSII Baskets are not exempt from the Regulation SHO short sale price restrictions. As such, the content and record layout for submitting Crossing Session II has been updated. Market participants are now required to submit the execution time and price associated with CSII transactions and identify short- or short exempt-related trades within the basket. In addition, market participants will also be required to submit the same individual security information for NYSE Amex listed securities that is currently required for NYSE listed securities associated with a basket.

NYSE will support CSII submitting firms testing by enabling firms to submit their intended file submissions via email. All CSII file submitting firms must participate in testing and successfully submit a test file in the new format specified in the attached technical specification.

The planned timeline for incorporating these changes is as follows:
- Firm Testing Begins - 2/13/12
- Firm Testing Ends - 5/2/12
- Anticipated Production Rollout - 5/7/12

Please submit your test files to : Maria Castro at 212.656.5232 - mcastro@nyx.com

Please direct any technical questions to: Scott Menkes at 212.656.4085 - smenkes@nyx.com

Please direct any business questions to: Bob Airo at 212.656.5663 - rairo@nyx.com

CSII Technical Spec

NYSE Info Memo

NYBX IOC Order

2012-04-16T18:48:52Z

NYBX has been approved by the SEC to offer the NYBX IOC Order that allows participants to interact with NYBX and NYSE liquidity on an IOC basis.

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Execution Rules

Execute against the liquidity pool of NYBX and NYSE orders within the NBBO

Accesses Mid-Point liquidity in NYBX

Accesses un-displayed liquidity on NYSE

Unexecuted balance cancelled immediately

NYBX IOC orders are not routed

Limit order only

Minimum Triggering Value not available for NYBX IOC

Access via NYSE Arca CCG

LastMkt (Tag 30) = BX

OrdType (Tag 40) = 2

TimeInForce (Tag 59) = 3

Available April 16th 2012

Contact Info:
If you have questions please, contact Bob Hill at (312) 442-7023 (bhill@nyx.com) or Paul Adcock at (312) 442-7046 (padcock@nyx.com) or your Relationship Manager at RelationshipMgt@nyx.com.

Update: NYSE Amex Trading of NASDAQ-Listed Securities

2012-04-11T11:36:47Z

The NYSE Amex is currently trading 41 NASDAQ-listed securities under Unlisted Trading Privileges (UTP). Please see the below link for a complete list of the symbols and their trading floor locations, as of April 11, 2012.

NASDAQ-listed UTP Symbols

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Update: NYSE Amex Trading of NASDAQ-Listed Securities

2012-04-02T11:24:13Z

The NYSE Amex is currently trading 48 NASDAQ-listed securities under Unlisted Trading Privileges (UTP). Please see the below link for a complete list of the symbols and their trading floor locations, as of April 02, 2012.

NASDAQ-listed UTP Symbols

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NYSE Amex Fee Changes Effective April 1, 2012

2012-03-29T20:43:09Z

Pending effectiveness of filings with the SEC, NYSE Amex intends to make two changes to its Fee Schedule. The changes are intended to be effective April 1, 2012.

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• The rebate for SLPs meeting the 5% or more quoting requirement in NYSE Amex securities on NYSE Amex will
increase to $0.0032, from $0.0027.

• For all shares executed in Crossing Session II the fee will be $0.0002 per transaction, with a cap of $100,000 per
month per member organization. The prior fee was $0.0001 per transaction, with a fee cap of $50,000.

All other pricing remains unchanged.

Client Notice

Update: Changes to format and content for Crossing Session 2

2012-03-29T13:46:41Z

Technical Specification Changes Required – The format and content of Crossing Session 2 will be changing

NYSE will support CSII submitting firms testing by enabling firms to submit their intended file submissions via email. All CSII file submitting firms must participate in testing and successfully submit a test file in the new format specified in the attached technical specification.

The planned timeline for incorporating these changes is as follows:
- Firm Testing Begins - 2/13/12
- Firm Testing Ends - 4/18/12
- Anticipated Production Rollout - 4/27/12

Please submit your test files to : Maria Castro at 212.656.5232 - mcastro@nyx.com

Please direct any technical questions to: Scott Menkes at 212.656.4085 - smenkes@nyx.com

Please direct any business questions to: Bob Airo at 212.656.5663 - rairo@nyx.com

CSII Technical Spec

NYSE Info Memo

REMINDER: NYSE Disaster Recovery Testing Opportunity

2012-03-27T19:49:50Z

Summary:
On March 31, 2012, between 9 am and 12 pm EDT, NYSE Arca and NYSE members with connectivity to NYSE Arca will be able to test the NYSE’s disaster recovery capability. Known as “Print as N”, this functionality will allow for uninterrupted trading in NYSE listed issues, in the event trading is unavailable on the floor of the NYSE.

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Background:
On March 31, 2012, NYSE will offer testing of its disaster recovery capability on NYSE Arca.

In the event trading is ever unavailable on the floor of the NYSE, NYSE Arca will function as the disaster recovery solution for all NYSE trading license holders. In this scenario, orders in Tape A securities would be routed to NYSE Arca and would be processed under NYSE Arca rules. If trading were disrupted on the floor of the NYSE intraday, trading would commence on NYSE Arca on the following business day if the NYSE was still unable to open.

All NYSE Arca ETP holders, as well as, all NYSE members who have established connectivity to the NYSE Arca will be eligible to send orders to NYSE Arca during a disaster recovery. If a firm is both an NYSE Arca ETP holder and an NYSE member, NYSE mnemonics will remain valid along with ETPIDs.

While NYSE Arca is functioning as the disaster recovery site for NYSE, all executions in Tape A symbols will be reported to the Consolidate Quote System (CQS) as “N”, regardless of whether the order originates from an NYSE mnemonic or an NYSE Arca ETPID. Executions in Tape B and Tape C securities on NYSE Arca will continue to be reported to the CQS as “P”.

During this test, NYSE Arca will not be accepting Market on Open or Limit on Open orders, however, these order types will be available in production in Q2, pending SEC approval.

Further details about the test as well as instructions on how to participate are attached.

Disaster Recovery Test Details

Comparison Change to use ANON/8602

2012-03-12T18:19:33Z

The NYSE and NYSE Amex (the “Exchange”) comparison stream will begin using the NSCC anonymity indicator when sending comparison sides to the clearing corporation.

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The Exchange will begin phasing out the legacy omnibus accounts of TOD (0772) and LOC (0787) and replace them with the contra clearing firm of “ANON” (8602). We anticipate that we will commence implementation of this enhancement later this year in conjunction with the roll-out of the new Match Engine, the Universal Trading Platform (“UTP”). Member Firms are being notified in advance so that they may prepare for this change. An exact date will be announced in a subsequent notice as will additional information on the UTP project. For additional information, please refer to the following Post Trade Notification.

Global Incentive Program Ends March 1, 2012

2012-03-07T18:48:47Z

The global incentive program for high-volume trading customers will come to an end as of March 1, 2012

Client Notice

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Update: NYSE Amex Trading of NASDAQ-Listed Securities

2012-03-01T12:14:38Z

The NYSE Amex is currently trading 88 NASDAQ-listed securities under Unlisted Trading Privileges (UTP). Please see the below link for a complete list of the symbols and their trading floor locations, as of March 01, 2012.

NASDAQ-listed UTP Symbols

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NYSE Fee Changes Effective March 1, 2012

2012-02-29T18:22:49Z

Highlights:
New NYSE Pricing Tier
Higher SLP rebate

Summary

Pending effectiveness of filings with the SEC, the NYSE intends to make several changes to its Fee Schedule. The changes are intended to be effective March 1, 2012.

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NYSE is introducing a new tier of pricing that offers a lower fee for orders that take liquidity when firms step up their direct providing liquidity over their January 2012 volume (Benchmark Month). To qualify for this tier, a member must meet the following criteria on a monthly basis:

Firms who step up their provide ADV by more than the greater of 20% or 0.075% of the current month’s Tape A Consolidated Average Daily Volume (“CADV”) above the Benchmark Month provide will pay a lower take fee on their taking volume of $.0022. The lower take fee is subject to a cap for firms whose ratio of provide volume-to-total volume in the Benchmark month is less than 10%. The cap will be equal to 0.75% of Tape A CADV and all take volume up to that amount will be charged the lower $0.0022 take fee. All take volume above that amount will be charged the basic rate of $.0023, unless the firm increases their provide volume over the benchmark month in an amount of at least 0.25% of that month’s Tape A CADV in which case the $0.0022 take rate will apply to all take volume. All other fees and credits will be at the existing rates.
DMM volume will not be included in any volume calculations for the Benchmark Month or the Step Up Tier.

Supplementary Liquidity Provider’s that add liquidity greater than 2.5% of CADV in an individual security will receive a rebate of $0.0024 up from $0.0022.

The rebate on zero display reserve orders (DOTR) for clients will be $.0010 versus a $0.0015 rebate for displayed liquidity.

The rebate on DOTR orders for SLPs that meet the 10% quoting requirement and add at least 10 million shares a day is changing as follows:

If the SLP adds add liquidity greater than 2.5% of CADV in a security, the rebate for DOTR orders will be $.0019.
If the SLP adds liquidity greater than 1.0% of CADV but less than 2.5% in a security, the rebate for DOTR orders will be $.0016.
If the SLP adds less than 1% of CADV in a security, the rebate for DOTR orders will be $.0015.

The current $0.0005 per share fee for orders executed at the opening will be capped at $15,000 per month per member in all securities, from $10,000 per month.

The fee for executing Market on Close (MOC) or Limit on Close (LOC) orders will now be $.00095 per share. For firms who execute an average daily trading volume of MOC/LOC activity of at least 14 million shares, the fee remains unchanged at $.00055.

In securities with a per share price below $1.00, for executions that remove liquidity, execute in the opening auction, MOC/LOC orders, or orders that route away the fee will be 0.30% of total dollar value of the trade.

For all shares executed in Crossing Session II the fee will be $0.0002 per share per side with a cap of $100,000 per month per member organization.

The fee for floor brokers taking liquidity will be $0.0022 from $0.0023.

The fee for Floor Brokers routing away to another market will be $0.0030 from $0.0029.

All other pricing remains unchanged.

For a link: http://www.nyse.com/pdfs/Client_Notice_NYSE_Equities_03012012.pdf

Contact Info: If you have any questions, please contact your Relationship Manager directly or the RM team at rmteam@nyx.com.

NYSE Amex Fee Changes Effective March 1, 2012

2012-02-29T18:16:22Z

Highlights:
New fees for NYSE Amex UTP equity trading
New size requirement for Block Trade Rebate

Summary

Pending effectiveness of filings with the SEC, the NYSE Amex intends to make several changes to its Fee Schedule. The changes are intended to be effective March 1, 2012.

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The fee for taking liquidity in Nasdaq UTP securities on NYSE Amex will be $0.0027 from $0.0004.

The rebate for clients providing liquidity in Nasdaq UTP securities on NYSE Amex will be $0.0030 from $0.0010.

The rebate for SLPs meeting quoting requirements in Nasdaq UTP securities on NYSE Amex will be $0.0031 from $0.0011.

The fee for routing Nasdaq UTP securities to other markets will be $0.0027 from $0.0025.

For executions that remove liquidity or route to away markets in Nasdaq UTP securities with a per share price below $1.00 the fee will be 0.30% of total dollar value of the trade.

The rebate for Block Rebate trades for customers and SLPs that display large liquidity will now be $0.0036 per share from $0.0020. The Block Rebate is paid to orders in Nasdaq UTP securities on NYSE Amex that provide liquidity and originally display a minimum of 2,000 shares in stocks priced at least $5.00 per share. Orders that are reduced by cancellation to less than 2,000 shares displayed prior to execution do not qualify for the Block Rebate.

All other pricing remains unchanged.

For a link: http://www.nyse.com/pdfs/NYSE_Amex_UTP_Client_Notice_030112.pdf

Contact Info: If you have any questions, please contact your Relationship Manager directly or the RM team at rmteam@nyx.com.

Changes to format and content for Crossing Session 2

2012-02-06T19:32:32Z

Technical Specification Changes Required – The format and content of Crossing Session 2 will be changing

NYSE will support CSII submitting firms testing by enabling firms to submit their intended file submissions via email. All CSII file submitting firms must participate in testing and successfully submit a test file in the new format specified in the attached technical specification.

The planned timeline for incorporating these changes is as follows:
- Firm Testing Begins - 2/13/12
- Firm Testing Ends - 3/23/12
- Anticipated Production Rollout - 3/30/12

Please submit your test files to : Maria Castro at 212.656.5232 - mcastro@nyx.com

Please direct any technical questions to: Scott Menkes at 212.656.4085 - smenkes@nyx.com

Please direct any business questions to: Bob Airo at 212.656.5663 - rairo@nyx.com

CSII Technical Spec

NYSE Info Memo

Update: NYSE Amex Trading of NASDAQ-Listed Securities

2012-02-06T12:13:03Z

The NYSE Amex is currently trading 93 NASDAQ-listed securities under Unlisted Trading Privileges (UTP). Please see the below link for a complete list of the symbols and their trading floor locations, as of February 06, 2012.

NASDAQ-listed UTP Symbols

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