Please be advised that effective Tuesday, May 26, 2020, the NYSE will be partially re-opening its trading floor.
This means that a number of floor brokers and trading floor officials will return to the exchange’s floor, while designated market makers (DMMs) will, for the most part, continue to work remotely.
The returning NYSE staff will observe social distancing and safety guidelines as required by law, while still retaining the choice to continue working from home.
Auction mechanisms for the NYSE remain the same as those implemented for the duration of the shutdown, but as of the reopening, interest expressed by floor brokers will be eligible for entry and participation again.
In addition, some DMMs will be allowed onto the exchange floor to conduct manual opening auctions for IPOs and follow-on offerings, with the option to conduct them remotely.
All interest represented by the floor broker community for auctions will be entered via hand-held device, not through verbal indications of interest at the point of sale.
About Cuttone D-quote Close destination
As a result of the partial re-opening, DTTW™ traders will regain access to the Cuttone D-quote Close destination effective May 26, 2020. We will provide further updates as other floor-orders from Cuttone and Rosenblatt become available again.
Note that the Cuttone Free (NY, NQ, & AM) and PINKBULL (PK) destinations from Cuttone were unaffected by the NYSE floor closure and remain available.
For more information, please refer to the NYSE’s own Trading Floor Partial Reopening FAQ.
Please continue to monitor the news, and watch your inbox for updates as they happen.
Let us know if you have any questions or comments by creating a mojo.
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