Highlights:
New NYSE Pricing Tier
Higher SLP rebate

Summary

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

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

Summary

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

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.

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.

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

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

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

NYSE Euronext has announced that Barclays Capital, the investment banking division of Barclays Bank PLC, has agreed to acquire the portfolio of New York Stock Exchange Designated Market Maker (DMM) assignments of Bear Wagner Specialists LLC, a subsidiary of J.P. Morgan.

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.

NYSE Euronext is moving the timing of the American Stock Exchange equities integration to early December from mid-September. In connection with this, we are cancelling the industry test that had been scheduled for Aug. 23. As a reminder, the equities integration will transition trading from Amex/AEMI systems to the NYSE Alternext brand, using NYSE systems.

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

The New York Stock Exchange is rolling out two new technologies that, respectively, give brokers on the NYSE trading floor the ability to trade algorithmically, and strengthen the brokers’ ability to locate large sources of liquidity.
NYSE News Release

The NYSE New Market Model Initiative is on track to begin roll out in late August or early September. See the updated Rule Filing for additional details, and if you haven't yet, see "Evolution of the NYSE Market Model" for an Initiative overview.
Rule Filing SR-NYSE-2008 Amendment No. 1

Reflecting our ongoing commitment to customers of the New York Stock Exchange, today we filed with the Securities and Exchange Commission a package of new rules and amendments to existing rules that will further enhance the performance, quality and competitiveness of the NYSE.

Effective November 1, 2007, the SEC has extended the operation of an NYSE pilot regarding Specialist Stabilization requirements to all NYSE Securities.
Market Surveillance Information Memo

January 16th, 2008 will be NYSE’s operative date for processing of the new SEC approved Riskless Principal Trading Orders. This memo provides information regarding the necessary technology changes member firms will be required to make to use the new facility and comply with the associated NYSE Rule 92 reporting requirements.
Technology Information Memo

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