The Intercontinental Exchange

NYSE Pillar^®

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 and NYSE American Options are the next NYSE markets to migrate to NYSE Pillar, with NYSE Arca Options planned for November 2021 and NYSE American Options to follow in 2022.

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

Migration Timeline

Migration timeline

October 2020	NYSE Options Virtual Forum Launch NYSE Pillar options migration website
November 2020	Initial specifications for outright order entry, MM quoting and proprietary market data
January 2021	Certification environment open for session requests and connectivity provisioning on January 25, 2021
February 2021	Certification opens for electronic Outright functional testing on February 8, 2021
March 2021	NYSE Pillar Functional Differences document published Updated Specs including Complex Order Book and Risk Controls
May 2021	Certification available for Complex and Risk
July - October 2021	Production order entry/quoting and market data retransmission session provisioning - Certification required (July) 6 Weekend production test dates Weekend testing will include full T+1 outputs and CAT submissions (Sept. – Oct.) NYSE Pillar will be available for weekday production trading in test symbols following the first weekend customer test Support Floor Trading testing & Certification
November 2021	3 week symbol migration to finish before Thanksgiving