Date:
February 10, 2016
Audience:
NYSE & NYSE MKT Traders and Technology
Subject:
Rejection of Marketable Orders Larger than 1 Million Shares
Summary Beginning on February 29, 2016, NYSE and NYSE MKT will reject any order larger than 1 million shares that is marketable on arrival. NYSE and NYSE MKT will continue to accept orders up to 99,000,000 shares into the Broker systems and orders up to 25,000,000 shares sent electronically to the book provided those orders are non-marketable orders or orders designated for manual execution, such as Market on Close and Limit on Close. Orders up to 1 million shares will remain eligible for automatic execution on both exchanges.
Contact Info:
NYSE Trading Operations
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Relationship Management
[email protected] 855-898-9012