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

NYSE’s Joint Customer Routing System will be deactivated on Monday, February 6, 2012. JCRS allowed customers to reach the NYSE Arca trading system and NYSE Arca-listed securities using their NYSE Common Customer Gateway connections.

In October 2011, the NYSE and NYSE Amex announced the introduction of a first-of-its-kind Retail Liquidity Program, pending SEC approval, that would produce cost savings for individual investors through price improvement to retail order flow. Below we note two clarifications to the initial Trader Alert of October 25, 2011:

On January 17, 2012, NYSE/NYSE Amex will begin implementation of two changes to the operation of pegging e-Quotes.

Effective October 17, 2011, the NYSE and NYSE Amex will require Member Organizations that route orders (and cancel/replacement requests) to the NYSE Broker Systems to populate their firm’s Market Participant Identifier (“MPID”) as prescribed in the Common Customer Gateway informational memo dated June 7, 2011, subject “CCG Support for Market Participant ID (MPID) for Broker OATS Reporting”. In addition, when entering orders manually into the Broker Booth Support System, Floor brokers must include the sending firm’s MPID.

As you may be aware, beginning in October, 2011, FINRA is expanding the OATS reporting requirements to Tape A (NYSE) and Tape B (NYSE Amex) securities for all FINRA member firms. Accordingly, all Floor Broker firms will be required to comply with this new requirement.

Beginning on October 3, 2011, FINRA will require OATS Submission for all NMS securities (see June 7, 2011, Trader Update). All qualified orders routed to the NYSE Broker Systems (NYSE Broker Booth Support System and the NYSE eBroker handheld) will be required to include the sender’s MPID on all order and cancel/replacement messages. In addition NYSE Technologies will provide an OATS file to FINRA for all order events sent to the Broker Systems. In support of this initiative, Production industry testing will be made available on Saturday, September 17, 2011.

Common Customer GatewaySM (CCG) support to return an order originator’s “SenderCompID” information on Drop Copies.

This notice updates the Trader Alert distributed on June 7th, 2011 announcing the NYSE’s ability to accept a Sender’s MPID information on all order and cancel with replacement messages destined to the NYSE Broker Systems. Based upon customer feedback, the NYSE will make the following additional change to Order Drop Copy messages commencing on or before October 3rd, 2011.

Commencing on or about October 3rd 2011, FINRA is implementing OATS℠ submission for all NMS securities. The NYSE Broker Systems will become an OATS reporting system to FINRA to comply with this new requirement. Accordingly, orders routed to NYSE Broker Systems (NYSE Broker Booth Support System® and the NYSE eBroker™ handheld) will be required to include the sender’s MPID on all order and cancel/replacement messages. Customers who route directly to the NYSE matching engine are not affected by this change.

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