* * * IMPORTANT * * *
This notice supersedes all other communications relating to the migration of open orders to the Exchange's new trading platform, Auction and Electronic Market Integration (AEMITM).
With approval of the Securities and Exchange Commission (SEC), the American Stock Exchange (Amex) will commence trading on its new AEMI platform on November 6th. Migration of listed equities, Exchange Traded Funds (ETFs), and UTP securities will be conducted in stages, with the first stage consisting of two symbols. A deployment schedule and list of migrating symbols will be published on the Amex websites (www.amex.com and www.amextrader.com ).
In preparation for the November 6th deployment of AEMI, please note the following:
- On Friday, November 3rd after Market Close, all open orders for TGZ and EET will be deleted with an "ORDER DELETED" message sent to the entering firm through CMS.
- Amex Order File (AOF) post-trade reports made available to clearing firms the evening of November 3rd will show orders that have been deleted for the symbols TGZ and EET ("Adds and Outs Report").
- Member Firms may re-enter any order that was deleted. A re-entered order will be treated as a new order and will not retain its former priority on the specialist's book.
On the morning of a scheduled migration, CMS will begin accepting and routing orders to the Amex for all Amex products (listed equities, ETFs, UTP securities) beginning at 7:30 a.m. New York time, in preparation for a normal Opening.
Questions regarding this notice may be directed to the Amex Service Desk at 212-306-1761.
|