NYSE American is uniquely positioned to offer choice, flexibility, and very competitive transaction fees to customers that access liquidity on our markets. Review the NYSE American Equities Price List for additional information about Equity Transaction Fees and Credits, and Listing Fees.
NYSE American eDMMs
CLEARLY ERRONEOUS EXECUTION
A Clearly Erroneous Execution (CEE) is defined as an execution at a price, for a quantity of shares, or with a symbol, that is substantially inconsistent with the current trading pattern of the issue. CEE Requests for Review are processed using a web-based submission service, designed to expedite and simplify review request entries and to help customers meet submission deadlines.
All NYSE, NYSE American, or NYSE Arca Submission Forms, and detailed CEE guidelines and policies are available on the Clearly Erroneous Execution landing page.
As of Monday, October 5, 2009 in conjunction with the other U.S. equities markets and pursuant to the NYSE Rule 128–NYSE changed the procedure to request a review of clearly erroneous trades.
CROSSING SESSION INFORMATION
For NYSE and NYSE American equity trading license holders, the Exchange currently offers a two sided crossing session for program trades through its Electronic Filing Platform (EFP).
|TIME OF OPERATIONS||FUNCTIONALITY|
|Crossing Session||4:00 - 6:30pm||4:00 - 6:30pm|
On the dates the Trading Floor will close at 1:00 p.m., crossing session order entry will begin at 1:00 p.m. for continuous executions until 1:30 p.m.
CROSSING SESSION (PROGRAM TRADES)
Baskets can be submitted beginning at 4:00pm up to 6:30pm via the web-based electronic platform (EFP) or via an XML format. Accommodates the trading of program baskets of at least 15 NYSE securities regardless of value. Members that have either facilitated a basket trade or have paired two customers' baskets can submit aggregate information to the Exchange for immediate execution.
Reports of execution are available via the web-based electronic platform (EFP) shortly after the trade is entered.
NYSE, NYSE American and NYSE Arca (the “Exchanges”) route orders to away markets through either an Exchange affiliated router or one or more third-party routing brokers pursuant to NYSE and NYSE American Rule 17 and NYSE Arca Rule 7.45.
Each third-party routing broker used by the Exchanges has its own policies and procedures with respect to the manner in which it may round or truncate execution prices that extend beyond four decimal places. Some third-party routing brokers may round to the fourth decimal place, while others may truncate to the fourth decimal place, before returning executions to the Exchanges.
With the exception of routing in BRK A, those policies and procedures are established by the third-party routing broker and are not established by or at the request of the Exchanges and are not overseen by the Exchanges. In the case of BRK A, all executions returned in more than two decimal places will be truncated to two decimal places.
Risk Management Tools
NYSE, NYSE American and NYSE Arca offer tools to supplement a firm's own internal risk management tools. The Risk Management Tools (RMT) is a GUI that allows users to track executed exposure and make real-time adjustments to net exposure limits via a web interface.
Risk Management Tools (RMT) allow firms to:
There is no cost for RMT.
Use of RMT is voluntary and designed to supplement a firm's own tools.
Additionally, firms will have the ability to bulk cancel orders via API if needed:
How To Access RMT
An authorized signatory of the firm must submit a User Request Form. To set up RMT email notifications, the firm must submit an Email Notification Authorization Form.