NYSE Plans Disaster Recovery Test with NYSE Arca

September 6, 2013 3:53 PM EDT
Pending SEC approval of exchange rules governing emergency powers, if the NYSE and NYSE MKT markets cannot operate due to inaccessibility of the 11 Wall St trading floor facility, all trading activity in NYSE and NYSE MKT listed stocks will take place on NYSE Arca pursuant to NYSE Arca rules. In support of that effort, an industry testing opportunity will be held on Saturday, September 21, 2013.

If the NYSE and NYSE MKT cannot operate the 11 Wall Street trading floor facility, the proposed plan provides for trading in all NYSE and NYSE MKT listed stocks on the NYSE Arca Equities Exchange beginning on the next trading day. Trading would occur on an unlisted trading privileges basis under NYSE Arca trading rules. NYSE Arca, on behalf of NYSE and NYSE MKT, would disseminate all primary listing market notifications to CQS/CTA such as (a) the official opening and closing prices of NYSE and NYSE MKT-listed stocks, and (b) notifications for regulatory halts, trading pauses, and Short Sale Price Test triggers. All NYSE/NYSE MKT primary listing market notifications would be disseminated as both NYSE ARCA and NYSE/NYSE MKT messages. Note that the open and close for NYSE and NYSE MKT listed stocks would follow auction rules for NYSE Arca listed stocks. Publication of Limit Up/Limit Down Bands in applicable NYSE and NYSE MKT symbols would remain unaffected.


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