NYSE Speed bump going away

ETJ

ETJ

11/04/2019, 12:21
NYSE American - Functionality Changes
Subject to effectiveness of a rule filing with the SEC, NYSE American will make the following functional changes on November 18, 2019.

Elimination of Delay Mechanism

NYSE American will eliminate its 350-microsecond delay mechanism that is currently applied to order entry, proprietary market data publication, and outbound routing activity.

Addition of Order Types

NYSE American will introduce the following order types and modifiers.

Order Types

  • ALO
  • Day ISO
  • Day ISO ALO
  • MPL ALO - including both MTS and Minimum Fill modifiers
Modifiers

Non-Display Remove Modifier will be available for the following order types:

  • Non-Routable Limit Orders, including Reserve
  • Non-Displayed Limit Orders
  • MPL designated Day
  • MPL ALO


As previously announced, NYSE American also proposes to eliminate Limit IOC Cross Orders.

NYSE Pillar Landing Page

Additional information is also available at http://nyse.com/Pillar

Trading Support: 212-896-2830 tradingex@nyse.com
Relationship Managers: 855-898-9012 rmteam@nyse.com
 
For most traders, 350 microsecond didn't really level the playing field at all.

I'm not quite sure what you mean by "pace" of the FX realm, unless you mean FX futures, but that's just futures in general.
 
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