Effective November 30, 2005, 40 iShares will move their primary listings off the American Stock Exchange (Amex). Beginning on that date, the Amex will trade these 40 iShares on an Unlisted Trading Privileges (UTP) basis. These iShares will continue trading on the Amex under their current ticker symbols. As a general matter, Amex rules and procedures in the trading of these iShares remain the same on a UTP basis as they have been on a primary listing basis. However, please note the following change in allocation and order routing:
The attached iShares Allocation List shows the designated Amex ETF specialist and trading post location for the UTP iShares effective November 30, 2005.
Order Routing to the Amex (Change)
Orders in the UTP iShares can be routed electronically to the Amex via the Common Message Switch (CMS), which Amex shares with NYSE. Orders in these shares intended to be routed through CMS to Amex Order Files (AOF) must have Line 1A of the CMS format properly coded with an "AM" designation (as in table below) for the orders to be routed to the Amex. Because Amex will no longer be the listing Exchange, leaving Line 1A blank will no longer result in default transmission of orders in these iShares to the Amex.
| ||FIELD 1||FIELD 2|
Customers routing orders to the Amex for UTP iShares must specify "AM" on Line 1A for each UTP iShare. Failure to specify an exchange code in field one of line 1A of each UTP iShare will result in the order being directed to the primary market.
Handling of Open Limit Orders
Any GTC orders currently residing on the Amex Order File for any of the ETFs that are transferring will remain in the Amex order file and eligible for execution. Members wishing to delete or cancel their orders must take the appropriate action.
|Richard Russo, VP, ETF Marketplace||212-306-1844|
|Al Gasparic, ETF Marketplace||212-306-2273|
|Mitch Litke, ETF Marketplace||212-306-8346|