Early Closing Information for July 3, 2008 On Thursday July 3, 2008, the day before Independence Day, the American Stock Exchange will end trading; (1) for those products that normally cease trading at 4:00 p.m. at 1:00 p.m. (2) for those products that normally cease trading at 4:15 p.m. at 1:15p.m.
Adjusted Option Input Time Schedule The Amex will adjust the processing cycle of the Intra-Day Comparison Systems for Options (IDCO) on Thursday July 3, 2008, to allow for earlier clearance and settlement processing at the Options Clearing Corp. (OCC).
Adjusted Equity Input Time Schedule All ETF DKs must be resolved by 12:00 p.m. All Equity DKs must be resolved by 12:00 p.m., if an agent is involved you have until 1:00 p.m. If the contra side has DK'd a trade, the originating party must resolve the trade by checking for a floor report, and contacting the broker or specialist who executed the transaction. For system trades, the "AMOL" must be checked for verification. If the transaction is DK the uncompared side must resolve by 1:00 p.m. The IDCE System will be available to users until 5:00 p.m.
On July 3, 2008 Member Firms are required to input corrections into comparison based on the above time schedule.
Questions regarding this circular should be directed to Joe Basso at 212 306-1757 e-mail email@example.com.