NYSE Pillar

NYSE Pillar

NYSE Pillar Options Migration

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 February 2022 and NYSE American Options to follow later in 2022.

Arca Options is migrating to NYSE Pillar starting in February 2022.

Are you ready?

Road to NYSE Pillar Checklist

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

14 January 2022

Trader Update: NYSE Pillar Options Migration: January 19th Disaster Recovery Connectivity Test

12 January 2022

Trader Update: NYSE Pillar Options Migration: Final End-to-end Testing Opportunity on January 22, 2022

17 December 2021

Go-Live Migration Details

NYSE Arca Options migration is scheduled to begin on February 7, 2022, pending regulatory approval. The symbol migration will take effect in five tranches which will span three weeks. View the the symbol migration plan.

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 on February 5th

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

Production Testing

NYSE Pillar, including Trade Ops Portal (TOP), is available for weekday testing using test symbols. Additionally, multiple weekend opportunities for Production testing with non-test symbols will be offered leading up to the migration. Weekend testing opportunities include:

  • July 24, 2021
  • August 7, 2021
  • August 28, 2021
  • September 11, 2021 - Includes CAT submission
  • September 18, 2021 - End-to-end test, includes CAT submission and OCC participation
  • October 2, 2021 - Disaster Recovery environment
  • October 4 - 8, 2021 - Disaster Recovery environment (test symbols only)
  • October 16, 2021 - End-to-end test, Execution Report offered.
  • December 11, 2021 - End-to-end test, includes Client Reports and OCC participation.
  • January 22, 2022 - End-to-end test, includes Client Reports, CAT submission and OCC participation. View test script.
  • February 5, 2022 - Final Confidence Test

To register to test, please contact [email protected].

TOP and Client Reports

Trade Ops Portal (“TOP”)

NYSE Pillar TOP replaces UTP client portals GEMS and CMT and offers the ability to access all NYSE Pillar exchanges from one single portal and login. Using TOP, Participants can perform a variety of 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 now available. For Post trade and Floor related functionality, please see the NYSE Pillar TOP - Options Post Trade User Guide. For Risk management related functionality, please see TOP section of the NYSE Pillar Risk Controls document.

For access to NYSE Pillar 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.

NYSE Pillar Certification

Basic functional certification with Technology Member Services (“TMS”) is required in the NYSE Pillar Certification environment (“Pillar Cert”) prior to being enabled onto the Production environment. Pillar Cert 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 Pillar Cert please submit a Cert Session Request Form to [email protected].

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

Documents

Contact and Support

NYSE Trading Operations

[email protected]
+1 212 896 2830, Options, 1, 2

Technology Member Services (TMS)

[email protected]
+1 212 896 2830, Options, 2, 2

Relationship Management (RM)

[email protected]
+1 855 898 9012