Trader Update

NYSE Contingency Trading Plan in effect for Monday, October 29, 2012

19:26 ET 28 Oct 2012
NYSE Market Operations Update

 

As previously posted, the New York Stock Exchange will enact its contingency trading plan for Monday’s trading session, October 29, 2012.

All NYSE-listed securities will trade on NYSE Arca, our fully electronic exchange, from 4 a.m. though 8 p.m. ET.   In this scenario, pursuant to NYSE Rule 49 and NYSE Arca Equities Rule 2.100, NYSE-listed trades will be identified on the Consolidated Tape with the NYSE exchange designation ‘N’, and quotes will be identified as NYSE quotes on the Consolidated Quote stream. During such a contingency plan, NYSE member organizations will be permitted to enter orders in NYSE-listed securities directly on NYSE Arca, even if not approved as an NYSE Arca ETP Holder.  Details can be found at the “Print as N” link below.

While trading at NYSE MKT will not occur during this time,NYSE MKT member organizations that are also Arca ETP Holders may send orders in NYSE MKT-listed securities to NYSE Arca. Quotes and executions in Tape B and Tape C securities on NYSE Arca will continue to be reported as ‘P’ and there will not be a primary print for NYSE MKT-listed securities.

Print as N Information

NYSE Reg Information Memo 10-14

Arca Order Types

Trader Update – October 26, 2012

NYSE press release re Hurricane Sandy

NYSE Contingency Trading Plan in effect for Monday, October 29, 2012

17:52 ET 28 Oct 2012

 

 

The New York Stock Exchange will enact its contingency trading plan for Monday’s trading session, October 29, 2012.

Given the updated detailed weather forecast for the NYC metropolitan area with the approach of Hurricane Sandy, and local decisions to prepare safety, power, communications and transportation infrastructure for severe weather conditions, the NYSE has invoked contingency plans for trading away from the NYSE facilities on Monday. All NYSE-listed securities will trade on NYSE Arca, our fully electronic exchange, from 4 a.m.through 8 p.m. ET.

This contingency plan, known as ‘Print as N’, was most recently tested by the industry on March 31, 2012, and allows for uninterrupted trading in NYSE-listed securities in the event trading is unavailable on the NYSE Trading Floor. In this scenario, pursuant to NYSE Rule 49 and NYSE Arca Equities Rule 2.100, NYSE-listed trades will be identified on the Consolidated Tape with the NYSE exchange designation ‘N’, and quotes will be identified as NYSE quotes on the Consolidated Quote stream. During such a contingency plan, NYSE member organizations will be permitted to enter orders in NYSE-listed securities directly on NYSE Arca, even if not approved as an NYSE Arca ETP Holder. 

While trading at NYSE MKT will not occur during this time, NYSE MKT member organizations that are also Arca ETP Holders may send orders in NYSE MKT-listed securities to NYSE Arca. Quotes and executions in Tape B and Tape C securities on NYSE Arca will continue to be reported as ‘P’ and there will not be a primary print for NYSE MKT-listed securities.

Additional detailed information regarding NYSE contingency operations under ‘Print as N’ will follow.

The press release is available here.