Trader Updates

NYSE Arca Options migration will begin on July 11, 2022.

View the complete timeline of NYSE Arca Options’ migration to NYSE Pillar.

Key Information

• No Adapters will be available to NYSE Pillar
• GTC orders will be cancelled the night prior to each symbol migration
• Day 1 Risk Parameters - set via API or in TOP - will be persisted if set on the Final Confidence test
• Symbol Migration Plan

Production testing with non-test symbols will be offered on the following dates:

• Saturday, June 25th, 2022 - End-to-end including Open Outcry, OCC Participation, CAT submissions and Report outputs - for the test script, click here
• Saturday, July 9th, 2022 - Final Confidence test

To register to test please contact [email protected]. For a list of completed testing opportunities, click here.

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 by submit an NYSE Pillar Options MFT Request Form to [email protected] indicating new report subscriptions. View Additional details for available client reports.

Reports are offered as part of Production Weekend testing. Additionally, report specifications and sample reports with are available upon request. Contact your NYSE Relationship Manager at [email protected] for a list of how current reports will be replaced with the migration.

Basic functional certification with Technology Member Services (TMS) is required in the NYSE Pillar Certification environment prior to being enabled for the Production environment. The NYSE Pillar Certification environment is: free of charge, has a dedicated TMS team to support testing Monday - Friday and mirrors the Production environment, including Proprietary Market Data feeds and connectivity to OPRA Test Systems To test in the Certification environment please submit a Cert Session Request Form to [email protected].

In addition to the previously announced system enhancements, the following new features have been included for the July 2022 launch:

• Enhanced Opening process to open a series after all Open timers have expired if no legal width quote is present, pending regulatory approval.
• Added information to the Binary gateway execution message to indicate if an execution was against a complex strategy.
• Added Side and Customer indicator fields to the NYSE Options Pillar Deep Feed Modify and Replace messages.
• Updated Bulk Quote Acknowledgement QuoteAck Repeating Group to only represent rejected quotes in response to a New Bulk Quote message.

TOP is also available for testing in Pillar Certification, as well as in Production. To request access to TOP in the Certification environment contact [email protected]. To request TOP in Production, contact [email protected].

Certification and migration requirements