As detailed in the SEC’s Fee Rate Advisory dated April 25, 2013, effective with trades settling on May 25, 2013, Section 31 Fee Rates will be reduced from $22.40 per million dollars of transaction to $17.40 per million. Please refer to the NYSE and NYSE MKT Regulatory Information Memo 13-7 for additional information.

On Monday, April 8, 2013, NYSE and NYSE MKT will activate new Market Wide Circuit Breaker (MWCB) rules for all stocks and begin Limit Up / Limit Down (LULD) activation of Tier 1 stocks. The activation of Tier 1 stocks on LULD will be a phased approach, spanning five weeks on the following schedule:

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

NYSE Euronext’s U.S. exchanges will participate in the Industry Test of LULD and MWCB on Saturday, March 2, 2013. A limited number of symbols will be available to participants for testing as detailed in the following link: Testing Plan. All production customer gateway connections will be made available for order flow. Public SIP and proprietary market data feeds will be available over production channels. All customers are encouraged to participate.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

NYSE Floor Brokers now have an efficient cross capability in their NYSE eBroker Hand Held Devices (HHD) that facilitates Regulation NMS compliant crosses. The Cross Function allows NYSE floor brokers to execute block size crosses (for transactions of at least 10,000 shares or a market value of $200,000 or more) directly from their HHD at the point of sale. Since its inception in October 2012, NYSE Floor brokers have crossed close to 100 million shares of customer orders, with an average cross size of 55,000 shares.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

On February 4th, the New York Stock Exchange and NYSE MKT announced that it will introduce a new service, Self Trade Prevention (STP), which will enable firms to better manage their order flow and prevent unintended executions with themselves. The UTPDirect API specification previously distributed did not reflect the new UROUT reason code returned for orders canceled that would have traded against themselves.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

Pending SEC approval, the New York Stock Exchange and NYSE MKT will introduce a new service, Self Trade Prevention (STP), which will enable firms to better manage their order flow and prevent unintended executions with themselves. In this phase of the service, STP would be available for limit orders only. Market orders, stop orders, GTCs and MTS IOC orders and orders sent to Floor brokers that have the STP modifiers will be rejected. There are no fees associated with the use of this identifier beyond the approved Exchange transaction fees.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

The NYSE Euronext will participate in the Industry Test of LULD on Saturday, February 2nd, 2013. MWCB will not be supported this weekend. The next MWCB test will be on Saturday, March 2, 2013. A limited number of symbols will be available to participants for testing as detailed in the following link: Testing Plan.
All production customer gateway connections will be made available for order flow. Public SIP and proprietary market data feeds will be available over production channels. All NYSE Euronext members are encouraged to participate.

Beginning Monday, February 4, 2013, the NYSE and NYSE MKT will provide Limit Up/Limit Down support within their production trading environments. Limit Up/Limit Down price bands will be effective from 9:45AM – 3:30PM ET for the following test symbols:

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

The NYSE Euronext will participate in the Industry Test of LULD and MWCB on Saturday, January 26th. A limited number of symbols will be available to participants for testing as detailed in the following link: Testing Plan. All production customer gateway connections will be made available for order flow. Public SIP and proprietary market data feeds will be available over production channels. All NYSE Euronext members are encouraged to participate.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan, known as the Limit Up/Limit Down Plan or LULD, to address extraordinary market volatility. The purpose of this Trader Update is to inform our member firm community how NYSE, NYSE MKT and NYSE Arca will handle order flow sent or routed directly to our systems under LULD. Once submitted, please refer to each market’s rule filings for complete details.

Link: Limit Up/Limit Down Trader Update – New Testing Schedule

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

The NYSE MKT is currently trading 111 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 January 4, 2013.

NASDAQ-listed UTP Symbols

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

The NYSE MKT is currently trading 109 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 January 2, 2013.

NASDAQ-listed UTP Symbols

On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan, known as the Limit Up/Limit Down Plan or LULD, to address extraordinary market volatility. The purpose of this Trader Update is to inform our member firm community how NYSE, NYSE MKT and NYSE Arca will handle order flow sent or routed directly to our systems under LULD. Once submitted, please refer to each market’s rule filings for complete details.

Limit Up/Limit Down Trader Update

The NYSE MKT is currently trading 108 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 December 24, 2012.

NASDAQ-listed UTP Symbols

Pending effectiveness of filings with the SEC, the NYSE intends to make a change to its Fee Schedule. The change is intended to be effective January 1, 2013.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

The NYSE MKT is currently trading 107 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 December 7, 2012.

NASDAQ-listed UTP Symbols

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

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 November 1, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

On the close of trading on Friday, September 21, 2012, there was a buy imbalance in Weatherford International LTD (WFT) that could not be satisfied by the sell orders on the book. Under the conditions set forth in Exchange Rule 123C(9), NYSE solicited interest from off-Floor and on-Floor participants to offset that imbalance. The NYSE initiated publication of a solicitation for contra interest under the rule immediately following 4:00 pm.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

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 October 1, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets began migrating their matching engine technology to the Universal Trading Platform (UTP) on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets will be migrating their matching engine technology to the Universal Trading Platform (UTP). That migration officially begins this Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets will be migrating their matching engine technology to the Universal Trading Platform (UTP). That migration will officially begin on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets will be migrating their matching engine technology to the Universal Trading Platform (UTP). That migration will officially begin on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

Pending effectiveness of a filing with the SEC, the NYSE intends to make changes to its price list. The change is intended to be effective September 1, 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets will be migrating their matching engine technology to the Universal Trading Platform (UTP). That migration will officially begin on Monday, September 24th, 2012 and will continue through the end of the 4th quarter of 2012.

As previously announced, the NYSE and NYSE MKT cash equity markets will be migrating their matching engine technology to the Universal Trading Platform (UTP).

Continuing our drive to streamline and integrate trading systems across our global equities and derivatives markets for the benefit of our customers, NYSE Euronext will introduce the new Universal Trading Platform (UTP) for our U.S.-based NYSE and NYSE MKT cash equities markets.

The NYSE Retail Liquidity Program was successfully launched on August 1.

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.

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 August 1, 2012.

• New Fees and Rebates for the NYSE Retail Liquidity Program for August 1

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.

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.

The FINRA/NYSE TRF® is amending its pricing schedule and modifying its data revenue sharing program effective July 2, 2012, pending filing with the SEC and effectiveness of a proposed rule change. For a full description, see the client notice

NYSE procedures for the Close of trading on June 22, 2012, for the Russell Reconstitution, including communication protocols and contingency scenarios, are available in the following link.
Russell Contingency Memo

On May 31, 2012, Apex Clearing Holdings, LLC (“Apex Holdings”), Apex Clearing Solutions, LLC, Broadridge Financial Solutions, Inc. (“Broadridge”), Penson Financial Services Inc. (“PFSI”) and Penson Worldwide, Inc. (“PWI”) (together, the “Parties”) consummated a transaction resulting in a change in ownership of Apex Clearing Corporation, f/k/a Ridge Clearing and Outsourcing Solutions, Inc. (“Apex Clearing”).

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.

Effective January 1, 2012, pending SEC filing, NYSE and NYSE Amex establish the following changes to the equities trading schedules for all securities:

Due to a systemic issue that caused queuing of customer orders entering through NYSE Broker Systems, last night’s closing auction for the bulk of our listed companies was delayed until approximately 4:05 pm to ensure that all customer interest could participate. The root cause of the order queuing is currently under review. Going forward, if there is a need to hold the close due to systemic issues, we will send a market wide notice to customers informing them of the event at 4:00 pm. Finally, we would like to apologize for any inconvenience that the slower closing auction may have caused you or your customers.

Effective Friday, November 25, 2011, trades in all Rights and Warrants issues will cease to be eligible to trigger Single Stock Circuit Breakers on the NYSE and NYSE Amex markets.

For further details, please reference the SEC filings below:

NYSE
NYSE Amex

Effective November 28, 2011, all NMS stocks will be OATS eligible.

• Member Organizations that route orders to the NYSE Broker Systems must populate their firm’s Market Participant Identifier (“MPID”) as prescribed in the Common Customer Gateway informational memo dated June 7, 2011 (linked below)
  

The subscription-based “Done for Day” service for NYSE and NYSE Amex Equities immediately returns an unsolicited “UROUT” message for all open Day orders following each individual security’s closing trade. For securities that do not have a closing transaction, an unsolicited “UROUT” message is returned at the designated 5:15 p.m. ET cutoff time. In response to customer requests, beginning Monday, November 21, 2011, the NYSE will move the “Done for Day” cutoff time earlier to 4:45 p.m.

For any questions or to subscribe to the “Done for Day” service, please contact
• your Relationship manager
• Firm Testing at (888) 689-7739 Option 2
• Email: firmtesting@nyx.com.

NYSE Euronext has determined that its U.S.-based exchanges will be open for business as usual on Monday morning, August 29, 2011, following the passage of Hurricane Irene beyond the New York City metropolitan area. These exchanges are the New York Stock Exchange, NYSE Arca, NYSE Amex, NYSE Arca Options, NYSE Amex Options, and NYSE Liffe U.S.

This decision follows a detailed review with New York City and other officials of the operational readiness of metro-area safety, power, water, and transportation systems, in addition to a readiness assessment of our own trading and data center facilities, along with consultation with staff members, trading professionals, other exchanges, and regulators.

The Opening Bell℠ will ring on the Trading Floor of the New York Stock Exchange at 9:30 a.m. ET on Monday morning.

This message will be posted again on Monday morning.

Effective Monday, July 25, 2011, the NYSE will modify the Display Book parameter for Automatic Execution (NX) limit from 5,000,000 shares to 1,000,000 shares for Sprint Nextel Corporation (NYSE: S) due to both the share price being above $5.00 and an average daily volume on the NYSE below 10,000,000 shares.

The Display Book parameter for Automatic Execution (NX) limits is subject to modification from 1,000,000 shares to 5,000,000 shares for stocks priced below $5.00 with an average daily volume of 10,000,000 shares or more traded on the NYSE. Stocks will be evaluated on a quarterly basis for NX limitation adjustment.

Effective with trade date July 1, 2011, reports received from a Third Party Algorithm (“Algo”) provider for executions received from a trading venue other than the NYSE or NYSE Amex will be migrated to the locked-in comparison stream. The report will contain the broker’s clearing firm and contra clearing firm associated with the Algo provider. The comparison will no longer be viewable on the On-Line Comparison System Screens (OCS). Broker Clearing Firms will no longer be charged OCS fees for these transactions.

Post Trade 175 - Information Memo

NYSE and NYSE Amex information related to the Russell Reconstitution on June 24, 2011 is outlined in the links below. Updates include communication and contingency scenarios, the NYSE Regulation Information Memo, and an FAQ.

Russell Contingency Memo

NYSE Regulation Information Memo - RUSSELL RECONSTITUTION- JUNE 24, 2011

MEB: TRADING NEAR OR ON THE CLOSE - FREQUENTLY ASKED QUESTIONS

NYSE procedures for the Close of trading on June 24, 2011, for the Russell Reconstitution, including communication protocols and contingency scenarios, are available in the following link.

Russell Contingency Memo

Effective June 1, 2011 the NYSE and NYSE Amex will introduce a new tier pricing structure for Member Firm Organizations Trading Licenses.

In February 2011, NYSE began rollout of an enhanced Common Customer Gateway (Binary CCG). At the close of trading yesterday, May 24, 2011, the Exchange detected a software defect in the closing time format in Binary CCG, present since its inception, that allowed the transmission of messages (orders, cancellations, cancel/replaces) to the matching engine between 4:00:00 pm and the close. The Exchange has corrected this defect for today’s trading and is investigating the issue. Note that this issue is limited to those customers accessing the NYSE using Binary CCG. Customers using traditional CCG were unaffected. Please contact NYSE Trading Services Desk at 866-368-3375 with questions.

As previously reported, on Thursday, April 28, 2011, and on May 4, 2011 (between 9:39 and 10:22 a.m.), NYSE/NYSE Amex did not receive “away” quotes and route orders to those quotes in Orsus Xelent Technologies, Inc. (NYSE Amex: ORS) and RenRen Inc. (NYSE: RENN), respectively. Further research has shown this to be a database issue stemming from a change made on March 2, 2011.

On March 25, 2011, the Exchange filed for immediate effectiveness an amendment to NYSE Rule 440B. The amendment provides that short sale orders that have been displayed pursuant to Rule 440B(f) or that are not yet marketable and therefore have not yet been re-priced, and that would otherwise be required to be routed to another exchange pursuant to Reg. NMS, will be repriced to comply with the SEC Short Sale rules and Reg. NMS. Further, under such scenario, DMM interest will be cancelled.

Implementation of software changes to support this amendment has been completed.

On Wednesday, April 6, 2011, the NYSE was unable to route orders in approximately 472 symbols to Edge X from 9:30 am to 10:11 am because of a configuration issue occurring prior to the opening of trading. The issue was resolved at 10:11 am by reestablishing the symbol load for that outbound route. System checks have been put in place to ensure that all symbol loads for all routes are in place.

On March 25, 2011, the Exchange filed for immediate effectiveness an amendment to NYSE Rule 440B, which provides that short sale orders that have been displayed pursuant to Rule 440B(f) or that are not yet marketable and therefore have not yet been re-priced, and that would otherwise be required to be routed to another exchange pursuant to Reg. NMS, will be repriced to comply with the SEC Short Sale rules and Reg. NMS.

The NYSE Amex is currently trading 625 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 24, 2011.

NASDAQ-listed UTP Symbols

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a third industry test in the production environment on Saturday, February 26, 2011. Similar to the industry tests on February 12 and 19, scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs.

On Saturday, February 19, 2011, the NYSE and NYSE Amex supported production Sell Short Restriction industry testing. Please find an annotated script, with detailed timeline, in the document linked below.

Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.

NYSE and NYSE Amex SSR Industry Test Timeline

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a second industry test in the production environment on Saturday, February 19, 2011. Similar to the industry test on February 12, scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs. As stated in prior notices, we will also be supporting a production SSR test on Saturday, February 26, 2011.

On Saturday, February 12, 2011, the NYSE and NYSE Amex supported production Sell Short Restriction industry testing. Please find an annotated script, with detailed timeline, in the document linked below.
Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.
NYSE and NYSE Amex SSR Industry Test Timeline

The NYSE and NYSE Amex have updated their FAQs on Short Sale processing and have added several scenarios to their test script for the Short Sale industry test on February 12, 2011 to reflect the SEC’s exemptive relief under Reg SHO to use a reference price other than the current national best bid for short sale orders executed in single-price auction transactions when the short sale restriction is in effect.

NYSE and NYSE Amex FAQ for SEC Rule 201 (Short Sale)
Revised SSR Industry Test Information Memo

The SEC has granted the NYSE /NYSE Amex relief under Reg SHO to use a reference price other than the current national best bid for short sale orders executed in single-price auction transactions when the short sale restriction is in effect. Short sale orders will be filed as follows for single-price auction transactions:

• Opening – one minimum price increment above the national best bid at 9:30 am. (Where there is no national best bid at 9:30 am, short sale limit orders for the opening will be filed at their limit prices). Filing prices will be disseminated on both the NYSE and NYSE Amex Imbalances feed. See link for detailed: NYSE Order Imbalances Client specification

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a testing in the production environment on Saturday, February 12, 2011. Scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote lines.

Please find the test script and approximate time schedule in the document linked below.

In light of the winter storm affecting the New York City metropolitan area, the NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day today, February 2, 2011. Members and Member Firms should anticipate normal market opening and closing times.

Should you have any questions regarding this update, please contact your Relationship Manager.

NYSE and NYSE Amex have added functionality, similar to that of NYSE Arca, that is designed to prevent an erroneous execution from triggering an unnecessary volatility trading pause (VTP) in securities included in the Single Stock Trade Pause pilot (all securities in the S&P 500 and Russell 1000) under Exchange Rule 80C. This new functionality provides that a single execution priced at or higher than the 10% Threshold Move from the last consolidated sale will no longer trigger a VTP. Beginning on January 28, 2011, NYSE and NYSE Amex systems pause trading in a pilot stock only after three breaches of the Threshold Move within the preceding five-minutes.

Updated FAQ regarding NYSE and NYSE Amex Rule 80C
NYSE/NYSE Amex Rule 80C
NYSE Euronext comment letter to SEC regarding additional functionality

In order to allow for more efficient electronic processing of very large orders sent to Floor brokers, beginning January 28, 2011, Floor broker systems will accept a maximum order size of 99,000,000 shares, an increase from the current limit of 25,000,000 shares. Note that orders sent to Display Book by Floor brokers are subject to the same maximum order size of 25,000,000 shares as all other market participants.

Notice of Immediate Effectiveness of amendments to Rule 1000

The NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day today, January 27, 2011. Members and Member Firms should anticipate normal market opening and closing times.

Due to some reduced staffing levels following the inclement weather in the New York City area, we remind customers that they should confirm adequate staffing with their Floor Brokers before sending orders to them.

Should you have any questions regarding this update, please contact your Relationship Manager.

NYSE Euronext asks market participants and staff to personally join President Obama and the rest of the nation in a moment of silent prayer today at 11 A.M. for the victims of this past Saturday's tragedy in Arizona, and their loved ones. Our heartfelt sympathy and support go out to all those impacted by this tragic event.

Effective January 3, 2011, pending SEC filing, NYSE is making the following changes to its equities trading schedules in securities priced below $1. The new fee schedule changes are highlighted below.

For customers and floor brokers in all securities priced below $1, the fee for removing liquidity will be the lesser of 0.3% of the total dollar value of the transaction or $0.0023 per share.
It will remain free to post liquidity in securities priced under $1 on the NYSE.

All other pricing remains unchanged.

If you have questions, please contact your Relationship Manager at rmteam@nyx.com.

Effective January 3, 2011, the NYSE and NYSE Amex have amended Rule 123C(9)(a)(1) to provide that if the Exchanges solicit interest after 4:00 p.m. to offset an extreme order imbalance at the close, member organizations can now enter interest electronically to Display Book or to a Floor broker in response to such a solicitation. Member organizations may continue to respond to Exchange solicitations by contacting their Floor brokers directly.

As an update to the earlier notice regarding the inclement weather in the New York City area, the NYSE, NYSE Amex, and NYSE Amex Options markets have confirmed staffing readiness and will proceed with normal trading hours today, Monday, December 27, 2010. Today's opening will occur at 9:30 a.m. ET as usual.

NYSE trading systems are fully functional at this time. Customers should confirm the staffing levels of their Floor Brokers before submitting orders to them.

We will continue to monitor weather and travel conditions and will issue further updates if conditions warrant.

Following the inclement weather in the New York City metropolitan area over night, the NYSE, NYSE Amex, and NYSE Amex Options exchanges have enacted business continuity measures to be available for trading during normal hours today, Monday, December 27, 2010. While we anticipate opening at 9:30 a.m. ET as usual, a final determination on today's opening time will follow as we evaluate weather and transportation conditions. Updates will follow with additional information.

Effective January 3, 2011, pending SEC filing, NYSE and NYSE Amex are making the following changes to its equities trading schedules in securities priced above $1. See more below for highlights of the new fee schedule changes.

On November 4, 2010, the Securities and Exchange Commission extended the Reg SHO (Rule 201) compliance date from November 10, 2010 to February 28, 2011. See http://www.sec.gov/rules/final/2010/34-63247.pdf

Accordingly, the NYSE and NYSE Amex will coordinate its changes to Reg SHO in support of the new SEC’s compliance date. We will also offer additional testing opportunities in advance of that date.

Please contact your Relationship Manager with any questions.

On Saturday, October 30, 2010, the NYSE and NYSE Amex supported a second Sell Short Restriction industry test. Please find an annotated script, with detailed timeline, in the document linked below.

Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.

10/30/2010 SSR Industry Test Annotated Script

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a second industry test in the production environment on Saturday, October 30, 2010. Similar to the industry test on October 23, scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary Data Product and Consolidated Tape and Consolidated Quote lines.

Please find the test script and approximate time schedule in the document linked below.
• No registration required, all production lines will be open for testing.
• A conference bridge number will be opened at 9:15AM, EST: 888-669-2803, participant code 3764475

For any questions regarding this test, please contact:
• Michael Paulyson at mpaulyson@nyx.com or 212.656.2721 or
• Connectivity Group at connectivity@nyx.com or 888.689.7739 option 1

Information Memo - Sell Short Restriction Industry Test – 10/30/2010

On Saturday, October 23, 2010, the NYSE and NYSE Amex supported the Sell Short Restriction industry test. Please find an annotated script, with detailed timeline, in the document linked below.

Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.

Information Memo - NYSE Amex SSR Industry Test

Since August 25, 2010, the NYSE and NYSE Amex Markets have been in production at our US Liquidity Center at Mahwah. All firm connectivity to the MetroTech (MT) Data Center was discontinued on September 17, 2010. This is a reminder notice that all firm connectivity to the 55 Water Street (55W) Data Center will no longer be supported after October 29, 2010. Effective Monday, November 1, 2010 Common Customer Gateway (CCG) connectivity will only be supported directly to Mahwah. If not already done so, please migrate your remaining connections and traffic to Mahwah.

Correction: In the previously distributed test script in support of this weekend’s Sell Short Restriction Industry test there was an error in the NYSE Amex symbol to be used for the first trading scenario. The symbol should be HUSA. Please find the corrected test script in the document linked below.

Additionally, the User Acceptance Test (UAT) environment has been upgraded to support Sell Short Restriction functionality, including acceptance of Sell Short Exempt orders and Bid Test/Price Filing. To coordinate testing in the UAT environment, please contact the Firm Testing Group at firmtesting@nyx.com or 888.689.7739 option 2.

Information Memo - SSR Industry Test

In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will participate in the October 23, 2010 industry test to provide scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols over production Proprietary Data Product and Consolidated Tape and Consolidated Quote IPs.

Please find the test script and approximate time schedule in the document linked below.
• No registration required, all production lines will be open for testing.
• A conference bridge number will be opened at 9:15AM, EST: 888-669-2803, participant code 3764475

For any questions regarding this test, please contact:
• Michael Paulyson at mpaulyson@nyx.com or 212.656.2721 or
• Connectivity Group at connectivity@nyx.com or 888.689.7739 option 1

Information memo - SSR Industry Test

On Monday,October 18th, the NYSE will introduced two new Displayed Liquidity Indicator (DLI) values to represent over 100 round lots (10,000 shares) and over 200 round lots (20,000 shares) displayed.

Original notification of the DLI was issued on March 10, 2010 and at that time values 0-4 were defined. The two new values of 5 and 6 will represent 100-200 round lots (10,000 to 19,999 shares) and equal to or greater than 200 round lots (20,000 shares) respectively.

The attached notification includes values for FIX Tags and the Merged Order Log Output.
NYSE Trading Technology Information Memo – Displayed Liquidity Indicators

On or about October 18th, the NYSE will introduce two new Displayed Liquidity Indicator (DLI) values to represent over 100 round lots (10,000 shares) and over 200 round lots (20,000 shares) displayed.

Original notification of the DLI was issued on March 10, 2010 and at that time values 0-4 were defined. The two new values of 5 and 6 will represent 100-200 round lots (10,000 to 19,999 shares) and equal to or greater than 200 round lots (20,000 shares) respectively.

The attached notification includes values for FIX Tags and the Merged Order Log Output.
NYSE Trading Technology Information Memo – Displayed Liquidity Indicators

Effective October 1, 2010, pending SEC filing, NYSE Amex will be offering the highest rebate among exchanges for providing significant liquidity in Nasdaq-Listed (Tape C) securities. NYSE Amex will also be improving the rebate for smaller sized Tape C orders. The new fee schedule changes are highlighted below.

NYSE Amex Tape C Inverted Pricing - NYSE Amex equities will make the following changes in trading in Nasdaq-Listed (Tape C) securities priced above $1:

• The rebate for customers providing liquidity will go to $0.0030 per share from $0.0019, including displayed and non-displayed orders. The fee for customers taking liquidity will go to $0.0023 per share from $0.0013.

The link below contains frequently asked questions pertaining to the SECs new Rule 201 (Short Sale) and the NYSE and NYSE Amex.  

If you have additional questions, please contact your Relationship Manager at rmteam@nyx.com.

FAQs - Rule 201 (Short Sale)

Based on SEC approval, the NYSE will expand the list of stock symbols eligible for Volatility Trading Pauses - single-stock circuit breakers - to include NYSE-listed symbols in the Russell 1000 index beginning Tuesday, September 14. A full list of NYSE-listed symbols eligible for Volatility Trading Pauses is provided here:

VTP Eligible Symbols List

The NYSE and NYSE Amex will migrate all remaining symbols from the Odd Lot system on Monday, September 13, 2010. This will complete the elimination of the NYSE/NYSE Amex Odd Lot system.

Trading In Shares Rollout Schedule.

The NYSE and NYSE Amex plan to migrate a total of 1977 additional symbols from the Odd Lot system during the week of September 7 - 10, 2010.
- 107 additional symbols on Tuesday, September 7, 2010
- 102 additional symbols on Wednesday, Friday, September 8, 2010
- 687 additional symbols on Thursday, September 9, 2010
- 1081 additional symbols on Friday, September 10, 2010

Related Links:
Trading In Shares Rollout Schedule

On Tuesday, August 24th, 2010 the NYSE Amex completed the migration of all NYSE Amex primary listed symbols and Nasdaq symbols traded under UTP from the Odd Lot system. During the week of August 30 - September 3, 2010, an additional 110 NYSE symbols will be migrated.

-10 additional symbols on Wednesday, September 1, 2010
-100 additional symbols on Thursday, September 2, 2010

Additionally, changes are being implemented to the NYSE and NYSE Amex matching engines to begin routing odd lot sized orders to better away markets to ensure best execution pricing for customers. The execution and routing rules for round lot and mixed round lot orders will remain unchanged per Reg NMS rules.

Please find the complete symbol migration roll out schedule on the NYSE Equities Reference page.
Related Links:
Trading In Shares Rollout Schedule

On Saturday, October 23, 2010, NYSE Euronext will be participating in the SIFMA industry-wide test in which all firms are being asked to test connectivity to the Exchanges from their backup sites.

The week of August 23, 2010, the NYSE and NYSE Amex will migrate the trading of additional symbols to their new Data Center in Mahwah, NJ. Symbols for the third week are available via the following link:

Mahwah Migration Schedule

Should you have any questions, please contact:
Michael Paulyson at mpaulyson@nyx.com or 212.656.2721
Robert Airo at rairo@nyx.com or 212.656.5663

The NYSE and NYSE Amex plan to migrate a total of 64 additional symbols from the Odd Lot system on Tuesday, August 24, 2010.

Please find the complete symbol migration roll out schedule on the NYSE Equities Reference page.
Related Links:
Trading In Shares Rollout Schedule

The week of August 16, 2010, the NYSE and NYSE Amex will migrate the trading of additional symbols to their new Data Center in Mahwah, NJ. Symbols for the second week are available via the following link:

Mahwah Migration Schedule

Should you have any questions, please contact:
Michael Paulyson at mpaulyson@nyx.com or 212.656.2721
Robert Airo at rairo@nyx.com or 212.656.5663

The NYSE and NYSE Amex plan to migrate a total of 559 additional symbols from the Odd Lot system during the week of August 16 - 20, 2010.
-139 additional symbols on Monday, August 16, 2010
-127 additional symbols on Tuesday, August 17, 2010
-130 additional symbols on Wednesday, August 18, 2010
-163 additional symbols on Friday, August 20, 2010

Please find the complete symbol migration roll out schedule on the NYSE Equities Reference page.
Related Links:
Trading In Shares Rollout Schedule

The NYSE and NYSE Amex plan to migrate a total of 493 additional symbols from the Odd Lot system during the week of August 9 - 13, 2010.
-143 additional symbols on Monday, August 9, 2010
-100 additional symbols on Tuesday, August 10, 2010
-71 additional symbols on Wednesday, August 11, 2010
-69 additional symbols on Thursday, August 12, 2010
-65 additional symbols on Friday, August 13, 2010

Please find the complete symbol migration roll out schedule on the NYSE Equities Reference page.
Related Links:
Trading In Shares Rollout Schedule

On August 9, 2010, the NYSE and NYSE Amex will begin migrating trading of equity symbols to their new Data Center in Mahwah, NJ. On that date, symbols will be moved to matching engines physically located in the new data center. The migration will be phased in over a three week time frame with the symbols for the first week available via the following link:

Mahwah Migration Schedule

Should you have any questions, please contact:
Michael Paulyson at mpaulyson@nyx.com or 212.656.2721
Robert Airo at rairo@nyx.com or 212.656.5663

The NYSE and NYSE Amex plan to migrate additional symbols from the Odd Lot system. We will migrate 126 additional symbols on Friday, August 6, 2010. See the symbol migration roll out schedule below or check back for updates on the NYSE Equities Reference page linked below:

Trading In Shares Rollout Schedule

Related Links:
NYSE Equities Reference Page

The NYSE and NYSE Amex plan to migrate additional symbols from the Odd Lot system. We will migrate eight additional symbols on Tuesday, August 3, 2010 and nine more on [+]Wednesday, August 4, 2010. Please find the symbol migration roll out schedule on the NYSE Equities Reference page linked below:

Trading In Shares Rollout Schedule

Related Links:
NYSE Equities Reference Page

Trading in U.S. Bancorp Depositary Shares (NYSE: USB PRA) will resume on the NYSE on Friday, July 30, 2010.

Trading in USB PRA has been halted since June 18, 2010. As noted in the July 27, 2010 NYSE Trader Update, all NYSE trades executed on June 16, 17, and 18, 2010 have been canceled pursuant to NYSE Rule 128(g). This decision is not subject to appeal.

Related links:
NYSE Trader - July 27, 2010
NYSE Rule Filing SR-2010-55
NYSE Trader - July 23, 2010
NYSE Trader - June 30, 2010

Effective Thursday, July 29, the NYSE will begin supporting the use of production test symbols through the Common Customer Gateways (CCGs) from the Mahwah Data Center.

Once testing is arranged though the NYSE’s Connectivity group, the CCGs in Mahwah will accept order flow in four test symbols during normal trading hours. Firms will be able to send day orders, cancels, cancel/replaces, cancel with leaves and receive Acks reports, Replaced and UROUT messages. These test symbols will not be supported for orders routed to BBSS, Arca or Matchpoint, nor will orders or reports be sent to CCG Drop Copies, SPAR Drop Copies, Post Trade/Comparison and after hours outputs.

USB PRA has been halted from trading since June 18, 2010, based on information indicating that the prices at which the shares were trading were not reasonably related to the market value of such shares and following information that the allocation of shares associated with an exchange offer for USB PRA had been adjusted. The NYSE has filed an immediately effective interpretation to Rule 128(g) with the Securities and Exchange Commission, which clarifies that an Officer of the Exchange may review the transactions such as those that occurred in USB PRA on June 16, 17, and 18, 2010, and declare them null and void.

Pursuant to that interpretation, the NYSE will nullify the trades on those dates prior to the re-opening of trading now scheduled for Friday, July 30, 2010.

NYSE Rule Filing SR-2010-55
NYSE Trader - July 23, 2010
NYSE Trader - June 30, 2010

On August 9, 2010, the NYSE and NYSE Amex plan to begin migrating trading of equity symbols to their new US Liquidity Center in Mahwah, NJ. On that date, symbols will be moved to matching engines physically located in the new data center. These symbols will accept order flow from Common Customer Gateway (CCG) connections located in both the existing 55 Water Street and 2 Metrotech facilities as well as the new CCG connections in Mahwah. The migration will be phased in over a three week time frame with the following 19 symbols migrating on Monday, August 9th, 2010.

The NYSE imposed a trading halt on June 18, 2010, in US Bancorp's Depositary Shares (NYSE: USB PRA), based on information indicating that the prices at which the shares were trading were not reasonably related to the market value of such shares and following information that the allocation of shares associated with an exchange offer for USB PRA had been adjusted. The NYSE is continuing to assess this matter in consultation with the issuer and other relevant parties.

NYSE procedures for the Close of trading on June 25, 2010, for the Russell Reconstitution, including communication protocols, contingency scenarios, and changes to the NYSE Close since June 2009.

Communication and Contingency Scenarios

Changes to NYSE Close

NYSE Regulation Information Memo - Russell Rebalancing

Effective Thursday, June 24, 2010, the NYSE and NYSE Amex will modify Common Customer Gateway (CCG) parameters to increase the allowable maximum order size up to 25,000,000 shares. This new limitation will be effective for all orders routed to the Display Book (DBK), Broker Booth Support Systems (BBSS) or directly to the eBroker Hand Held.

On or about September 24, 2010, the NYSE will eliminate the Limit Order Reconciliation Service and the Open Order Report. This service has been replaced by the inclusion of all NYSE and NYSE Amex Good Till Cancel (GTC) order activity on the Enhanced Merged Order Log Output. This enhancement, implemented on June 11th, 2010, provides member firms with a comprehensive listing of all their open, filled and cancelled GTC order activity on the Merged Order Log file and print-image report. Please reference NYSE Euronext Trading Technology Information Circular, Post Trade Notice 164 “Merged Order Log Output Redesign” dated December 7, 2009 (revised March 3, 2010) for details.

In support of the deployment of its Volatility Trading Pause (VTP), the new single-stock circuit breakers for S&P 500 securities, the NYSE will provide scripted VTP halt messages over production [+]Consolidated Tape and Consolidated Quote lines this Saturday, June 12, 2010. The stocks used for this test will be EOG, GPC and HOG. Common Customer Gateway lines will not be available for this testing, strictly market data publication on production IPs.

Please find the test script and approximate time schedule in the document linked below. The following conference bridge number will be opened at 9:15AM, EST: 888-669-2803, participant code 7956260.

VTP Industry Test 6/12/10 Information Memo

As was previously announced in PT 169 - Reduction in OCS Traffic, the NYSE will begin reducing the number of comparison sides being processed in the On-Line Comparison System (OCS), and migrate that data into the locked-in comparison stream.

Based on SEC approval, the NYSE will activate Volatility Trading Pauses - single-stock circuit breakers - for S&P 500 securities beginning tomorrow, Friday, June 11. The rollout will begin with the following five securities:

(EOG) EOG RESOURCES
(GPC) GENUINE PARTS
(HOG) HARLEY DAVIDSON
(R) RYDER SYSTEM
(ZMH) ZIMMER HOLDINGS INC

A full list the scheduled rollout is provided here:
NYSE Cash Market Activation Schedule for S&P VTP
We will update the activation list and issue an NYSE Trade Update with any revisions to this schedule.

In support of the deployment of its Volatility Trading Pause (VTP) – the new single-stock circuit breakers for S&P 500 securities - the NYSE will provide scripted VTP halt messages over production Consolidated Tape and Consolidated Quote lines this Saturday, June 12, 2010. Common Customer Gateway lines will not be available for this testing, strictly market data publication on production IPs. Additional information, including a test script and schedule, will be published via a Trader Update notification later this week. Firms may contact Michael Paulyson at 212.656.2721 or mpaulyson@nyx.com with any questions.

Deployment of the VTP logic is currently pending SEC approval. A Trader Update will be published, along with a deployment schedule, once approval is received.

On May 17, 2010, the NYSE and NYSE Amex will implement a change to their rules to provide that d-Quotes and pegging e-Quotes that are entered 10 seconds or less before the scheduled close will automatically be rejected by Exchange systems. Accordingly, on a regular trading day, Exchange systems will reject d-Quotes or pegging e-Quotes entered at or after 3:59:50 p.m.

Clearly Erroneous Execution Guidelines for 05/10/10

As of 9:15 am ET, the S&P Futures are greater than 3% and not greater than 5%; NYSE and NYSE Amex will, in conjunction with other equity markets, double the normal trade break guidance threshold for all equity transactions executed between 9:30 and 10:00 on NYSE and NYSE Amex, pursuant to NYSE and NYSE Amex Rule 128(c)(4).

NYSE and NYSE Amex cash market customers should be aware that an industry-wide decision to address potentially erroneous pricing from today's trading has been initiated.

Note that:
-The specific timeframe addresses trade executions between 2:40 p.m. ET and 3:00 p.m. ET
-The reference price is the consolidated last sale at or before 2:40 p.m ET
-Trades executed with a price deviation of greater than and less than 60 percent from the reference price will be busted.

This decision may not be appealed.

Updates will follow tomorrow, May 7, 2010.

On Saturday, June 12, 2010, the NYSE and NYSE Amex Cash Market will provide customers with the opportunity to perform connectivity testing to the New Data Center for the various Post Trade products and services. Customers can leverage existing IP addresses to access the new data center for Post Trade products and services, and will not have to make any changes. For specific details please reference the notice below.

Technology Memo

Effective May 3, 2010, pending SEC filing, NYSE and NYSE Arca are making the below changes to their equities trading schedules. Highlights include higher rebates for NYSE clients, floor traders and SLPs and new NYSE Arca fees for routing to NYSE
For a complete listing of the new fee schedule, see below.
NYSE
• For customers, the pricing structure for trading in NYSE-listed (Tape A) securities will be a rebate of $0.0013 per share for adding liquidity, and a fee of $0.0021 per share for removing liquidity.
• For floor brokers, there will be a rebate of $0.0015 per share for adding liquidity and a fee of $0.0021 per share for removing liquidity.
• For SLPs with an average daily share volume per month of more than 10 million shares added and meeting quoting requirements, there will be a rebate of $0.0020 per share for adding liquidity. For all other SLPs, there will be a rebate of $0.0013 per share for adding liquidity. SLP executions at the close will be free.

As previously announced, the Merged Order Log file format is being changed. Test files are available upon request. To request a test file please contact Broker Services at BrokerServices@nyx.com.

The NYSE will introduce changes to the Closing Auction beginning on Monday March 1, 2010. These changes, which were highlighted in a previous client communication will add greater transparency, provide additional information and simplify the NYSE Closing Auction. Below are a list of the changes to the NYSE Closing and Opening Auctions:

Based on feedback from the Member Firm community, the NYSE is delaying the implementation of the Closing Auction Changes by one week from February 22, 2010 to March 1, 2010. This revised implementation date will provide participants with additional time to ensure that they will be systemically ready for the previously communicated Closing Auction changes. These changes include moving the Market-on-Close and Limit-on-Close cut-off time to 3:45 PM, the introduction of the Closing Offset Order, and the dissemination of additional pricing information. Please review the previously released notices in the links provided below, for additional details on the changes to the NYSE Closing Auction.

NYSE Rule Filing
NYSE Amex Rule Filing
Trading Technology Information Memo - Closing Offset Orders
NYSE Order Imbalance Product Summary

For additional information please contact your Relationship Manager or Robert Airo, SVP, Market Operations at 212-656-5663

On December 23, 2009, the NYSE issued guidance that GTC orders that receive a partial execution and then are cancelled and replaced are reloaded into the NYSE database on the next trading day with the original quantity of the order. The NYSE advised members and member organizations that these orders may be subject to over-execution and that, pursuant to NYSE and NYSE Amex Equities Rules 18 (“Compensation in Relation to Exchange System Failure”), they may be entitled to reimbursement for losses sustained in relation to a malfunction of the Exchanges’ systems.

On November 11, 2009, the NYSE issued an NYSE Trader Alert informing clients the NYSE would institute a temporary processing change to automatically cancel all open GTC orders and replacement orders that received a partial fill or were partially canceled during the trading day. As a result of customer feedback in response to our November 11 notice, the Exchange has determined not to move ahead with this automatic cancellation procedure. Please see the attached memo for additional details.

Trading Technology Information Memo

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.

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.

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

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

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.

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

As previously communicated in the March 5, 2009 Trader Update and in the February 2, 2009 Trading Technology Information Memo, as part of the NYSE's deployment of the Super Display Book (SDBK) database and in response to member firm's requests, an expanded Account Field was implemented with plans to pass that tag back to firms on all CCG responses once the deployment was complete. The NYSE plans to complete deployment of the SDBK database on all NYSE and NYSE Amex securities by mid-August and will activate flags to pass the Account Field back to firms on Monday, September 14, 2009.

Effective August 1, 2009, the NYSE and NYSE Amex will implement pricing changes to the open and closing auctions as well as odd lots. Included in this price changes are:

• Reduced take rate of $0.0017, 32%-43% lower than other major exchanges, for qualified firms


• Odd-Lot pricing of $0.0018, still 28%-40% lower than taking on other major exchanges


• NYSE opening auction rate of $0.0005 with $10,000 monthly cap by firm


• NYSE and NYSE Amex closing auction rates of $0.0007

With over 3200 NYSE and 15 NYSE Amex securities migrated over to the new SDBK database, customers are reminded that the NYSE now supports order quantities up to 6.5 million shares for orders destined to SDBK. For symbols that have not yet been migrated, the maximum share quantity supported remains at 3 million. For all symbols, the maximum auto-execution size remains at 1 million shares and the maximum quantity supported by the Broker systems remains at 6.5 million shares.

For more information on the symbols that support the increased maximum quantity, please refer to the SDBK Security Rollout list maintained on the NYSE Equities Reference page.

Members and member organizations should be aware that certain orders and order-entry practices can improperly dislocate the market in a security, raising regulatory concerns.
The below Regulatory Information Memo provides guidance to NYSE and NYSE Amex members and member organizations of their responsibilities when handling orders at or near the close.

NYSE Regulation Information Memo

NYSE procedures for Russell Reconstitution; MOC/LOC rules; Communication & Contingency Scenarios all follow in the memo provided in the link below. This notice has been updated with the newly released Russell Information Memo and Trading Near or on the Close FAQ.

On June 29, 2009, the newly rebalanced Russell indices (Russell Global Index, Russell 1000® Index, Russell 2000® Index Russell 3000® Index and Russell Microcap® Index) will go into effect and will remain in place for the next 12-month period. The newly reconstituted indices will take effect after the close of the U.S. equity markets on Friday, June 26, 2009. The Russell Investment Group will use the NYSE Closing trades to price the NYSE-listed and NYSE Amex-listed securities added to the indices.

Russell Reconstitution - NYSE Procedures
Russell Information Memo
Trading Near or on the Close FAQ

Beginning Friday, June 12th, 2009, the rollout of the new SDBK database will continue with the addition of 457 new securities for a total of 3229 NYSE listed securities and 15 NYSE Amex Securities. A list of the newly rolled out securities as well as all subsequent securities that are rolled out on to the SDBK database is being maintained on the NYSE Equities Reference page. Please check back to this page to follow the updates.

June 1, 2009 – Trading in General Motors corporation and related securities will open on the Stock Exchange following the normal indication process. See below for additional NYSE Regulation, Inc. Information.

NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of General Motors Corporation (the “Company”) – ticker symbol GM – as well as the 10 related listed securities below, should be suspended prior to the opening on June 2, 2009.

The New York Stock Exchange (NYSE) announces that the common and related structured products of General Motors Corporation (ticker symbol GM) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, June 1, 2009.

As a clarification to the earlier Trader Update regarding 4 and 5 character symbol trading on the NYSE, the VALE.P symbol will appear as follows in the following NYSE inputs and outputs:

CCG: VALE P
CTS and CQS High Speed Lines: VALE/P
Slow Speed Ticker: VALE.P
Post Trade Output: VALEP

On December 2, 2008, the NYSE announced that in accord with the November 2008 SEC decision to have uniform symbology across exchanges, the NYSE would offer firms the ability to test four and five-character symbols at the NYSE (see the December 2, 2008 Trader Update). Effective Monday May 4, 2009, four symbols will trade on the NYSE as 4-character root symbols. Participants should ensure that their systems are prepared to handle these symbols.

To update the March 18, 2009 Trader Update post, in response to firms’ concerns regarding changes implemented in the initial pilot stock of the Super Display Book (SDBK) deployment, the NYSE will be implementing software changes to reinstate the Cancel Replace to reduce message type into the SDBK environment. The linked Trading Technology Information Memo details the implementation of the order type. This software enhancement will be available for firms to test in the User Acceptance Test (UAT) environment shortly.

Subsequent notification will be issued detailing the deployment of this software to additional pilot stocks.

Trading Technology Information Memo (March 27, 2009)
Current SDBK Securities Rollout List

To update the March 11, 2009 Trader Update post, NYSE Euronext successfully deployed its new Super Display Book (SDBK) database in production on Monday, March 16, 2009 in the stock Par Technologies Corporation (NYSE Listed: PTC) and confirmed processing through the comparison, clearing and settlement systems.

To update the March 5, 2009 Information Memo, NYSE Euronext will migrate one low volume NYSE cash equities symbol from the SuperDOT® (SDOT) databases to a newly implemented Super Display Book (SDBK) database in production on Monday, March 16, 2009. Trading in the pilot stock will take place through the settlement cycle and the systems will be adjusted as required before the stock symbol is announced and before any further rollout commences.

As previously communicated in the March 5, 2009 Information Memo, NYSE Euronext will be migrating NYSE and NYSE Amex cash equities from the SuperDOT® (SDOT) databases to a newly implemented Super Display Book (SDBK) database. Firms wishing to test their systems in the new SDBK database environment can do so in the User Acceptance Test (UAT) environment between the hours of 9:00 AM and 10:00 PM (with product support available between 9:00 AM and 5:00 PM).

The NYSE and NYSE Alternext US will begin decommissioning SuperDot® and migrating symbols to the new SDBK Database on a stock by stock basis. The NYSE anticipates that this migration will begin at month end, but will announce the Day 1 migration shortly. As part of that process, the NYSE and NYSE Alternext US will no longer accept orders with settlement terms of Cash, Next Day or Seller’s Option for those migrated stocks. Orders in those stocks containing these settlement terms will be rejected as an “Invalid Settlement Term.”

Effective tomorrow, Friday, February 6, 2009, the Exchange is implementing a single-print close designed to reduce the manual processing required of the DMM to close a security. As a result, the imbalance (if any) of paired-off closing transaction and stop orders elected for execution on the close will now be reported to the Tape as a single transaction and print.

The Exchange anticipates that consolidation of the separate transactions and prints will increase the efficiency of the closing process, resulting in speedier reporting of closing transactions.

Member firms were informed on January 20, 2009, that the NYSE completed the migration to the new Common Customer Gateway ^SM order entry system and will begin to implement Phase II of our systems upgrades.

This technical notice, dated February 2, 2009, provides the details for the functional enhancements being introduced as part of the stock migration to the new SDBK^SM Database. Current NYSE and NYSE Alternext US Equities Trading functionality remains, unless explicitly stated otherwise.

In addition, a SDBK FAQ has been included for your reference at end of this notification.
Trading Technology Information Memo (January 20th, 2009)
Trading Technology Information Memo (February 2nd, 2009)

Beginning tomorrow, Friday, January 29, 2009, the following NYSE & NYSE Alternext US securities will be enabled to provide the new sub-penny reports for away market executions. As additional securities are enabled with this new feature this rollout list will be updated. Please check the NYSE Equities References Page to follow the updates.

For additional information about the features of the sub-penny reports for away markets see:
Update on Sub-penny reports for Away market executions

Effective for Trade Date January 22, 2009, the securities listed in the document provided below will be moved to different Liquidity Replenishment Points (LRPs) volume/price groups. This move is based on closing price and quarterly average daily volume calculations.

LRP Moves for 1st Qtr 09
LRP Effective Parameter Ranges & Buckets

NYSE Euronext is in the process of constructing new data centers in the New York and London metropolitan areas. These facilities will replace the existing facilities currently operating in these areas. We anticipate that the consolidation into these new facilities will further enable NYSE Euronext to provide you with a broader offering of services including enhanced collocation capability.

On November 6, 2008, the SEC adopted a plan that will establish a uniform system for the selection and reservation of securities symbols. The result of this plan, which will become active 60 days from the above date, will mean that the allocation and use of symbols can be from one to five characters in length across all SROs. What this means for the New York Stock Exchange is the potential for NYSE Listed Companies to have a four- or five-character symbol as their ticker identifiers.

Beginning on December 1, 2008, the New York Stock Exchange will accept and no longer reject orders priced less than $1 that are entered in sub-pennies for all securities listed on both the NYSE and NYSE Alternext. The Exchange will round limit orders to the nearest next whole penny, either down for buy orders or up for sell orders, to represent the order for execution or to transmit the bid or offer to the Consolidated Quote System using the rounded limit price. Please refer to the two attached links for additional technical details and for the SEC Rule filing.

Additionally, at a date to be announced shortly, the Exchange systems will also begin passing back reports to clients in sub-pennies, with a maximum of a four decimal place increment for executions that are received from away market centers.

NYSE Rule File # SR-NYSE-2008-123
NYSE Sub-Penny Order Technical Specifications

This Saturday, November 22, 2008 is the final opportunity for firms to participate in production Amex Integration testing before the Amex listed securities are migrated to 11 Wall Street and integrated onto the NYSE trading Platform on December 1, 2008. Firms wishing to participate in the test must register by sending an email to relationshipmgt@nyx.com including the production customer lines and entering firm mnemonics that they plan to use for the day of the test and a contact person at your firm (including email address and phone number).

Effective Monday, November 17, 2008, the NYSE is eliminating the “Sub-penny Trading Halt Condition.” All securities currently subject to a sub-penny trading halt will resume trading on the NYSE. Orders routed to the NYSE in these securities will be executed on the NYSE (unless routed in compliance with Reg NMS), and all valid NYSE order types and times-in-force will again be accepted. Going forward, the NYSE will no longer halt trading and transfer securities to the NYSE Arca trading platform when they reach the $1.05 threshold.

The NYSE completed rollout of the first of two phases of its newly approved next-generation market model. This set of transformative changes begins the transition to Designated Market Maker (DMM) for the Exchange’s current primary dealers known as Specialists.

The NYSE announced today that SEC approvals have cleared the way for a Monday October 27th launch of the NYSE’s next-generation market model featuring advanced new trading tools supported by a revised rule set designed to maximize the NYSE's market quality and competitiveness in today's increasingly electronic trading environment. The rollout of the new Market Model will be released in phases.

Due to Amex Integration testing scheduled for October 25th, the industry wide regional contingency trading test, which was originally planned for Saturday, October 25th, 2008 is being postponed to Saturday, November 15, 2008 This exercise is being run so that NYSE Euronext and its member firms could test their business recovery capabilities should a contingency event occur that affects the New York Metropolitan area.
For information on how to register for the test as well as the specifics of connectivity requirements in a contingency environment, please see the NYSE Business Contingency Update Memo provided here.

NYSE Business Contingency Update Memo

Beginning on October 1, 2008, the Exchange is doubling the LRP ranges. By widening the current values, the Exchange is limiting the amount of time automatic execution is suspended, while continuing to provide protection from volatile order flow. This will allow for more continuous automatic executions of securities but continue to integrate the auction market to provide the opportunity for additional liquidity.

New LRP Ranges

NYSE Regulation Information Memo

In a previous client communication on August 5, 2008 the Exchange reported that we will be decommissioning CMS on December 31, 2008. As part of that communication, we mandated a cutoff date of October 3, 2008 for all new CMS session requests. As a reminder this Friday, October 3, 2008 will be the last day the Exchange will accept new CMS sessions requests.

CCG connectivity is now responsible for 75% of the orders entered in to Exchange systems on a daily basis. With this milestone reached, we have reduced capacity in CMS by one-third, with plans to reduce the capacity further as the CCG connected order flow percentage increases.

NYSE Trading Technology Memo
NYSE Fix Specification & User Guide Version 3.5.1

Effective immediately, the SEC Emergency Order eases time and volume restrictions on 10b-18 repurchases. All other provisions of Rule 10b-18, including the manner and price of purchase conditions, remain in effect.

SEC Release No. 34-58588

The NYSE has lifted the news dissemination halt on Lehman Brothers allowing other markets, including NYSE Arca, to trade the security. Lehman will not open or trade on the NYSE.

The decision to lift the news dissemination halt was based on Lehman’s press release issued last night outlining Barclays agreement to acquire Lehman Brothers' North American investment banking and capital markets operations.

As previously reported, Standard & Poor’s has removed Lehman from their indices. For additional detail on the removal of Lehman from the S&P please go to the S&P website.

S&P recognizes that there was a trading halt today in Lehman Brothers and will be posting on their website tonight, at 5:15pm, instructions regarding Lehman Brothers and the S&P Index.

Lehman Brothers is scheduled to come out of the S& P Index this evening however the stock has been placed on a news dissemination halt. We are currently investigating with the S& P how it will be handled.

As previously reported, the Consolidated Trade System (CT) experienced problems this morning between the opening and approximately 9:38am. The system did not publish sales in Tape A securities (NYSE-listed) from any exchange in the security symbol range 'A' through 'L'. The New York Stock Exchange has provided to the Consolidated Tape System all of its opening prints in the affected symbols, and the Consolidated Tape System has added these prints to the tape with an 'N' exchange modifier, and an 'OPD' trade modifier (indicating an out-of-sequence, opening trade).

Please note that different vendors will process trades marked with 'OPD' differently for VWAP calculations. For example, Bloomberg may include these trades in its VWAP calculation while Thomson Reuters will not. If you have any questions regarding various VWAP calculations or other treatment of 'OPD' trades, please contact your market data vendor.

List of NYSE impacted securities

The Consolidated Trade System (CT) experienced problems this morning at the opening. The system did not publish opening sales to the consolidated tape for securities A through L in Tape A.

Please note that the NYSE opened these securities and issued trade reports throughout this period at the correct trade prices, and that they continue to trade.

CT will be modified today to include the NYSE opening trades. Those trades will be printed to the tape with an .OPD indicator to note them as the opening trade.

If you have questions regarding these adjustments please call 866-368-3375.

LEH Preferreds will trade on the NYSE at the opening. LEH Preferreds trading under $1.05 at the opening will follow sub-penny rules thereafter. NYSE will be sending indications on these securities.

Consistent with the guidelines under the NYSE Sub-penny Trading Rule, Lehman Brothers Inc. (LEH) will not trade on the NYSE today. Trading will take place in Arca today. NYSE orders in the common will begin routing to NYSE Arca with NYSE Arca pricing applied Tuesday 9/16/08. Please be advised that LEH continues to be listed on the New York Stock Exchange. Please also be advised that LEH preferreds continue to be listed and traded on the New York Stock Exchange.

In order to allow customers to cancel existing orders in the NYSE's system, LEH will remain active until close of business today at which time the NYSE will cancel any remaining orders in this symbol. Starting tomorrow all orders in this symbol will be routed to NYSE Arca with NYSE Arca pricing applied.

The New York Stock Exchange (NYSE) has announced the following in connection with today's market news and conditions with respect to Lehman Brothers. Lehman Brothers Holdings Inc. (“LBHI”) announced today that it intends to file a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI will be included in the Chapter 11 filing and all of the broker-dealers will continue to operate.
Lehman Brothers continues to be a member firm and a listed company of the New York Stock Exchange until further notice.

Trading of Lehman Brothers Stock
The stock of Lehman Brothers Holdings (LEH) is being traded today on NYSE Arca as of 4:00 a.m.

Lehman Specialist Unit
Effective immediately, Goldman Sachs will be assuming responsibility for NYSE-listed securities in which Lehman Brothers MarketMakers, a division of Lehman Brothers, has served as the specialist. Lehman specialist staff and technology will remain in place, and Goldman Sachs will oversee staff, trading and risk management.
Goldman Sachs will also be responsible for clearing activity of the Lehman specialist unit in these securities going forward.
This arrangement will remain in place until a more permanent alternative can be arranged. We will keep you apprised of further developments as we work to ensure a smooth transition as well as fair and orderly markets in all NYSE-listed securities.

Additional
NYSE Rule 48 is in effect today: pre-opening indications are not required.

As previously announced in the August 15, 2008 NYSE Trader Update, NYSE Euronext is moving the timing of the American Stock Exchange equities integration to early December from mid-September. The extension responds to member firms' requests for additional time to make and test necessary programming changes, as well as for trading and post-trade system modifications that will make the transition easier for the firms. Amex-listed structured products and ETFs that will be transferring their listing to NYSE Arca will move in a phased approach beginning shortly after the closing of the transaction and continuing through the end of November. Upon completion, all Amex equities will then be migrated over to the NYSE trading platform. Additionally, changes are being implemented to pass the executing exchange back to the firms in CCG FIX Tags 207 (SecurityExchange) and 30 (LastMkt) as well as on new fields/values of NYSE Post Trade and Intra-day Contract outputs.

NYSE/Amex Integration – Trading Systems Update
NYSE/Amex Integration – Post Trade Update

The NYSE continues to actively monitor trading in FNM and FRE and their related securities. These issues will continue to be listed, traded, and quoted on the NYSE as the primary market on Wednesday, 10 September 2008.

We will issue a separate notice regarding trading on Thursday, 11 September 2008, after Wednesday's close.

The NYSE continues to actively monitor trading in FNM and FRE and their related securities. These issues will continue to be listed, traded, and quoted on the NYSE as the primary market on Tuesday, 09 September 2008.

We will issue a separate notice regarding trading in these securities on Wednesday, 10 September 2008, after Tuesday's close.

New York, Sept. 8, 2008 - The New York Stock Exchange (NYSE) announced that the common and related preferred stock of Fannie Mae (ticker symbol FNM) and Freddie Mac (ticker symbol FRE) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, Sept. 8, 2008 due to U.S. federal regulators action related to Fannie Mae and Freddie Mac. (Full list of securities affected by the halt are listed at the end of this posting).

As of the 28th of August, 2008, all NYSE Securities are participating in the Liquidity Replenishment Points Timer Pilot.

LRP Timer Pilot Securities Rollout History

On 21 August 2008, the NYSE will commence a pilot regarding the calculation of its Liquidity Replenishment Points (LRPs) in an effort to increase the availability of NYSE quotes eligible for automatic execution. In accordance with Rule 1000, the NYSE will revert to auto-quoting in situations where the LRP has been hit but the market is not locked or crossed. The timeframe to go fast again will be reduced from ten seconds to five seconds.

In addition, the recalculation of LRPs, currently done every 30 seconds, will be reduced to every ten seconds.

Complete list of LRP Pilot Securites

The NYSE will decommission the Common Message Switch (CMS) as of December 31, 2008. It is important that your firm begin the conversion process from CMS to the Common Customer Gateway (CCG) as soon as possible. In addition, the NYSE will not accept requests for new CMS sessions after October 3, 2008.
NYSE Trading Technology Memo
NYSE Fix Specification & User Guide Version 3.5.1

As previously announced in the July 7, 2008 information memo titled ‘NYSE Alternext U.S. (NYSE/Alternext Integration) – Trading Systems Update”, member firms were informed that Amex Equities will be migrated onto the NYSE Trading Platform in the September 2008 time frame. In preparation for this integration, the NYSE will support Member Firm testing on Saturday August 23, 2008 for firms to ensure their readiness. It is recommended that all Member Firms participate in the planned testing.

NYSE Alternext U.S. (NYSE/Amex Integration) – Aug 23rd Industry Test
NYSE Alternext U.S. (NYSE/Amex Integration) – Trading Systems Update
NYSE Alternext U.S. (NYSE/Amex Integration) – Post Trade Update

As previously announced in NYSE Trader Update Notice of upcoming NYSE system changes to support the NYSE/Amex Integration (NYSE Alternext U.S.)", Amex Equities will be migrated onto the NYSE Trading Platform in the September 2008 timeframe. The Amex Auction and Electronic Market Integration system (AEMI) currently supports FIX protocol version 4.4. Upon completion of the Amex Equities migration to the NYSE Trading platform, incoming FIX messages must conform to the currentNYSE Fix 4.2 specification or NYSE FCS protocol formats.For more detailed information regarding NYSE version FIX4.2 and the Amex migration see the NYSE FIX Specification version 3.5.1 and the Integration & Connectivity Notice links provided below.

NYSE Alternext U.S. Trading System (NYSE/Amex Integration) CMS Integration & Connectivity Notice

NYSE Fix Specification & User Guide version 3.5.1

Effective, August 1, 2008 the New York Stock Exchange will eliminate the Exceptional Message Fee of $0.01 per exceptional system message. This fee was originally introduced to help supplement the cost of adding additional capacity to the Exchange's trading systems. The elimination of the EMF reflects a continuing effort by the NYSE to maintain a cost effective, value-added execution offering for our customers.

Rule Filing SR-NYSE-2008-64

At the closing of the merger between NYSE Euronext and the American Stock Exchange, the name of the American Stock Exchange will be changed to NYSE Alternext U.S. On a specified date following that closing, trading in NYSE Alternext listed securities will be migrated to 11 Wall Street and integrated onto the NYSE Trading Platform. The Market Data stream will print all NYSE Alternext Securities trades and quotes to Tape B as “A”, since NYSE Alternext U.S. and NYSE will continue to be separate registered securities exchanges. Member Firms are being advised in advance so that they can prepare for changes in both trading and post trading systems.

Amex Trading System Integration Notice
Amex Post Trade System Integration Notice

Request for Registration by Monday, June 2, 2008

The NYSE plans to participate in an industry-wide test of Delayed Opening procedures under the auspices of SIFMA on Saturday, June 7. The purpose of the test is to assure that in the event of a planned, delayed opening, markets are able to open smoothly and efficiently. In addition to registration with SIFMA or any other market, registration directly with the NYSE is required for participation in this test as only registered firm lines will be started.
Member Firm Registration Form

Beginning Monday, May 5, the Common Message Switch (CMS) will open for NYSE order entry at 7:30 a.m. ET, 30 minutes earlier each trading day.

This additional pre-Opening access to NYSE trading systems has traditionally been available only on Expirations, and will now be extended to all trading sessions, allowing more time for customers to verify connectivity and prepare for the trading day.

In support of the NYSE's Take/Provide billing structure, the Exchange is enhancing its trading system to clearly identify customer executions with new billing indicators. These indicators will be provided both in real time on CMS execution reports as well as in your Post Trade reports (Merged Order Log).

Beginning on January 25, 2008 the NYSE will convert Berkshire Hathaway Inc. (BRK A) to a one (1) share Unit of Trade (UOT) from a ten (10) share UOT. For details of the change and its impact please review the changes to current Unit of Trade (UOT) for Berkshire Hathaway Inc. (BRK A).
Floor Operations Information Memo

LRP ranges for all eligible securities will be updated once daily based on the securities previous days price movement. Changes to the values in the LRP range for each security will only be made if in the previous day the security has exceeded or dropped below a set pricing threshold.
Floor Operations Information Memo 2nd Quarter
Floor Operations Information Memo 3rd Quarter
Floor Operations Information Memo 4th Quarter
Liquidity Replenishment Point Values Table

Beginning on Monday, December 24, 2007, amended NYSE Rule 15 will require a specialist to publish a pre-opening price indication whenever the specialist, is arranging the opening transaction in a subject security, and anticipates that the price of the opening transaction will be at a price which is different from the previous day’s consolidated closing price by more than the “applicable price change.”

The NYSE is in the process of eliminating the "electronic execution" indication that appears with trades reported to the Consolidated Tape. The Exchange anticipates elimination for all securities by 12/21/07.

NYSE Trading Systems have been modified to handle how Partial Round Lot Reports are processed as described in an NYSE Information Memo. The changes are effective starting Wednesday, November 14th floorwide. Pricing and execution procedures for these modifications are the result of changes to NYSE Rule 124 (SR-NYSE-2007-82)
Trading Technology Information Memo
Rule Filing SR-NYSE-2007-82

Starting on November 2, 2007, the Exchange will eliminate Rule 80A trading collar or index arbitrage trading restrictions that require any index arbitrage order, or program trade in a component stock of the S&P 500 Stock Price Index to be entered as either “buy minus” or “sell plus” order when certain positive or negative thresholds in the NYSE Composite Index (NYA) are reached.
Trading Technology Information Memo
Rule Filing SR-NYSE-2007-96

Effective November 1, 2007, the New York Stock Exchange (NYSE) is offering free trading at the open to all customers in NYSE securities (excluding ETFs), including Market-On-Open (MOO), Limit-On-Open (LOO) and Good-Til-Cancel (GTC) orders. In addition, the NYSE recently established a more efficient opening process that allows specialists to automatically open most stocks for trading quickly and concentrate on imbalance situations. Customers can also help to ensure trading begins promptly at the official 9:30 a.m. start time by submitting opening orders in a timely manner.

Effective October 12th, the NYSE will begin implementation of new software that will publish specialist interest to the NYSE OpenBook, intermingled with other limited interest, as well as enable the specialist to open stocks on a quote electronically from their Specialist API.
Market Surveillance Information Memo

As of September 24th, the rollout of new Odd Lot Order Processing functionality to all eligible securities trading on the floor of the NYSE was completed, paving the way for a rollout of new Partial Round Lot Report Processing Modifications. Scheduling for the PRL rollout will be announced shortly.
Rule Filing SR-NYSE-2007-82

The NYSE will complete the rollout of the Do Not Ship Order (DNS) condition for limit orders, e-Quotes and g-Quotes to all remaining Securities and ETFs today. See the attached Floor Operations Memo for a recap of the DNS Order; the Intermarket Sweep Order and the NYSE IOC and Reg NMS IOC Orders.
Floor Operations Information Memo

As of July 6, 2007, the short sale "tick test" has been eliminated for all NYSE securities. The SEC has granted relief to allow a transitional period of 90 days from July 6 for firms to do the necessary systems work to replace the "short exempt" marking with "short." The SEC also granted relief to all SRO s to be able to accept orders marked "short exempt" for the same period.
SEC REG SHO Relief Response Letter to SIFMA
SEC REG SHO Relief Response Letter to AMEX