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TRENDING TAGS
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- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
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- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NYSE: Changes to Format, Content for Crossing Session 2 Delayed
April 27, 2012
Tech Spec Changes Required.
The format and content of Crossing Session 2 will be changing - with the new start date being 5/7/12. Per NYSE IM 11-6, CSII Baskets are not exempt from the Regulation SHO short sale price restrictions. As such, the content and record layout for submitting Crossing Session II has been updated. Market participants are now required to submit the execution time and price associated with CSII transactions and identify short- or short exempt-related trades within the basket.
In addition, market participants will also be required to submit the same individual security information for NYSE Amex listed securities that is currently required for NYSE listed securities associated with a basket.
NYSE will support CSII submitting firms testing by enabling firms to submit their intended file submissions via e-mail. All CSII file submitting firms must participate in testing and successfully submit a test file in the new format specified in the attached technical specification.
The planned timeline for incorporating these changes is as follows:
- Firm Testing Ends - 5/2/12
- Anticipated Production Rollout - 5/7/12
[NYSE Trader, 4/24/12]

