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.
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Category: Operations, Securities
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.
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Category: Operations, Securities
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
Category: Operations, Securities
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
Category: Operations, Securities
Beginning on Monday January, 26 2009, as previously mentioned in several client communication throughout the month of October (please reference notices linked below), the NYSE will begin passing sub-penny execution reports from away markets back to firms and will no longer truncate buy reports or round up sell reports as we have done in the past. Firms will begin to receive sub-penny prices via CCG as well as CCG and CMS Drop Copy Services on execution reports from away markets that provide mid point matches as well as on Odd Lots that are priced off an away market quote.
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Category: Operations, Securities
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
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Category: Operations, Securities
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.
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Category: Operations, Securities
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.
Category: Operations, Securities
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.
Category: Operations, Securities
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.
Category: Operations, Securities
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.
Category: Operations, 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.
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Category: Operations, Securities
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.
Category: Operations, Securities
Effective immediately, consistent with the guidelines under the NYSE Sub-penny Trading Rule, orders in Fannie Mae (FNM) and Freddie Mac (FRE) common will be routed to NYSE Arca with NYSE Arca pricing applied. Please be advised that both FNM and FRE continue to be listed on the New York Stock Exchange. Please also be advised that the FNM and FRE preferreds continue to be listed and traded on the New York Stock Exchange.
Category: Connectivity, Securities
To maximize customer's execution and order routing flexibility for tomorrow, we are cancelling all GTC orders in FNM and FRE. Please expect an announcement from the NYSE in the morning with regard to how these issues will be handled for trading on September 11, 2008.
Category: Connectivity, Securities
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.
Category: Operations, Securities
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.
Category: Operations, Securities
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).
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Category: Operations, Securities
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
Category: Operations, Securities