NYSE Trader
Single-Print Close for NYSE & NYSE Alternext US Launching 02/06/09
05 Feb 2009
Effective tomorrow, Friday, February 6, 2009, the Exchange is implementing a single-print close designed to reduce the manual processing required of the DMM to close a security. As a result, the imbalance (if any) of paired-off closing transaction and stop orders elected for execution on the close will now be reported to the Tape as a single transaction and print.
The Exchange anticipates that consolidation of the separate transactions and prints will increase the efficiency of the closing process, resulting in speedier reporting of closing transactions.
Category: Operations, Product News
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