NYSE Pillar® Options Migration

Integrated Trading Technology

NYSE Pillar is our new integrated trading technology platform that will enable member firms to connect to all NYSE equities and options markets using a standard protocol. NYSE Pillar is designed to improve efficiency and reduce complexity for customers, while enhancing consistency, performance and resiliency.

NYSE Arca Options successfully completed its migration to NYSE Pillar in July 2022. NYSE American Options will migrate to NYSE Pillar starting on October 23, 2023.

Jump to

Upon completion of the migration, the NYSE options exchanges will provide the benefits of the NYSE Pillar platform, which offers:

More efficient processing, enhanced determinism and lower latency

Shorter time to market for ongoing enhancements

Simplified, harmonized order types, terminology, and messaging across all of our markets

Latest Updates and Highlights

Trader Updates

10 February 2023	Updates posted to NYSE Pillar Binary Gateway Specification, NYSE Pillar FIX Gateway Specification, NYSE Pillar Options - OMS FIX Specification, Functional Differences between NYSE Group Options Platforms
30 January 2023	Trader Update: NYSE American Options: Pillar Migration Launch Date - October 23, 2023

NYSE American Options Certification and Migration Details

Key Information

No Adapters will be available to NYSE Pillar from existing UTP gateways.
Certification:
- Participants certified for the Arca Options Pillar platform are not required to re-certify for American Options
- All participants are highly encouraged to test new functionality on AmericanvOptions (e.g. pro-rata allocation, CUBE, BOLD, etc.)
- For questions with testing and certification, please contact the Technology Member Services team at [email protected]
Migration Timeline:

Certification Testing - August 14th
Production Shadow - September 5th
Weekend Production Testing:

September 16th - end-to-end testing
October 7th - end-to-end testing
October 21st - final confidence

Disaster Recovery testing - available the week of Monday, September 25th through Friday, September 29th
Production Rollout - The 1st symbol tranche will commence on October 23rd followed by additional tranches, as needed. Tranche details and schedule will be published in a trader update

TOP & Client Reports

Trade Ops Portal (TOP)

NYSE Pillar TOP replaces UTP client portals GEMS and CMT. It offers the ability to access all NYSE Pillar exchanges from one single portal and login. In TOP, Participants can carry out a various tasks including: i) View executed trade details; ii) Review inventory of Pillar order entry and Drop Copy sessions; iii) Configure Pre-Trade and Activity-Based Risk Controls; iv) Allocate Open Outcry trades; v) Apply Post Trade clearing changes.

User guides for TOP are available. For Post Trade and Floor related functionality, refer to the NYSE Pillar TOP - Options Post Trade User Guide. For Risk management related functionality, refer to the TOP section of the NYSE Pillar Risk Controls document.

For access to TOP, please submit Authorized Administrators and Options User Request and Authorization forms to [email protected].

Client Reports

Legacy UTP client reports will be decommissioned with the migration to NYSE Pillar.

New NYSE Arca Options Pillar reports will be made available via the NYSE Managed File Transfer (MFT) protocol. Participants wishing to continue to receive reports must establish an MFT account and indicate new report subscriptions by submitting an NYSE Pillar Options MFT Request Form to [email protected].

View Additional details for available client reports.