NYSE Equities Market Information

Trading Calendar

Trading Hours

The NYSE is open from Monday through Friday 9:30 a.m. to 4:00 p.m. ET.

View Holidays and Holiday Hours

Connectivity

FIX and Binary Technical Specifications

NYSE Equities (Legacy)

NYSE Equities - NYSE CCG FIX Gateway Specifications

NYSE UTPDirect Specification

UTP Direct API Notes: Routing to Broker Booth Systems and NYSE Arca is currently unavailable through the UTP Direct API.

NYSE Pillar Equities

NYSE Pillar FIX Gateway Specification

NYSE Pillar Binary Gateway Specification

Session Request Form and Addition/Removal Procedures

Production Order Entry/Drop Copy Session Request Form*

*You may also use the Production Session Request form to request removal of sessions.

Trade Reporting Facility

The FINRA/NYSE Trade Reporting Facility® (TRF®) provides an automated, convenient and low-cost way to report your off-exchange trades in NYSE, NYSE American, NYSE Arca and NASDAQ listed securities. The TRF is available to all FINRA member organizations that have a signed FINRA/NYSE TRF Subscriber Services Agreement.

The FINRA/NYSE TRF supports single side trade reports where the submitting party identifies its side as well as the contra side
ATS trades and riskless principal trades may be reported by utilizing a second trade report that is reported as non-media
All trade reports are validated to ensure there is a Uniform Service Agreement approved by FINRA

Client Management Tool

This fully interactive and secure web-based Client Management Tool (CMT) is available for input and management of trades on the FINRA/NYSE TRF. The CMT is a multi-functional tool that provides easy order entry, a summary dashboard, reporting tools and clearing functionality for TRF reports. Its highly intuitive interface is built on the same architecture as ArcaVision and the NYSE Arca Equities CMT. You can use your existing Arca CMT logon.

View, download, bust, replace and create Trade Reports going back 6 months
View, correct and re-submit rejected reports
Add and modify same day Trade Reports
Add and reverse previous day Trade Reports
Filter intraday activity by any report modifier, execution time, submission time, or party information
Summary dashboard provides point-and-click access to Excel exportable reports and previous day’s activity by clearing type, Reg NMS modifiers, or revisions

Compliance Tools

All trades reported to the FINRA/NYSE TRF must comply with FINRA trade reporting rules and guidance, the federal securities laws, including SEC Reg. NMS rules and all other applicable rules and regulations. The compliance dashboard and reporting tools include user defined tracking and alerts as well as a downloadable audit trail.

Dashboard: A web page that allows a user to view summary information about their trades using multiple criteria
Detail Drill Down: A more granular presentation of the information on the summary dashboard
Trade Through Alerting: Real time comparison of trade reports to NMS protected BBO
Reports: Excel downloads of the detailed information
Multiday Capability: The ability to find information contained in the dashboard, drill downs and reports historically for 6 months.Provides alerts, metrics, tracking and data to TRF users and compliance officers. Key capabilities: Static and user defined alerts based on trade reporting, static and user defined alerts based on market data, historical data, downloadable data, compliance workflow manager.

Clearing Capability

The FINRA/NYSE TRF offers users the option to have clearing submitted for them to DTCC via QSR or AGU.

FINRA/NYSETRF clearing is submitted to DTCC directly via QSR or AGU
For clearing submitted by FINRA/NYSE TRF, trade corrections are automatically processed at DTCC (pre-settlement)
Clearing method is designated on each order to allow flexibility
QSR submission by the participant to DTCC is also supported
Participants must have a valid Qualified Service Representative (QSR) agreement in place with the contra parties to report a trade where the contra party is another broker dealer

Pricing and Revenue Sharing

Market Data Revenue Sharing Percentages

The table below provides the consolidated tape market data revenue sharing percentages based on market share reported by a member to the FINRA/NYSE TRF during a given calendar quarter. For purposes of Rule 7610B, a member’s “Market Share” is the percentage calculated by dividing the total number of trades (applicable to the relevant tape) reported by the member to the FINRA/NYSE TRF during a given calendar quarter by the total number of all trades reported to the CTA or UTP SIP (applicable to the relevant tape) during that quarter.

Market Share Reported to the FINRA/NYSE TRF in Tape A, B or C	Percentage of Market Data Revenue Shared in Tape A, B or C
Greater than or equal to 2.0%	100%
Greater than or equal to 0.5% but less than 2.0%	95%
Greater than or equal to 0.1% but less than 0.5%	85%
Less than 0.1%	0%

Subscriber Fee Per Month

The table below provides the tiered monthly participant fee structure. The monthly fee is based on the participant's "FINRA/NYSE TRF Market Share", defined as the percentage calculated by dividing (a) the total number of shares reported to the FINRA/NYSE TRF for public dissemination (or "tape") purposes during a given calendar month that are attributable to a FINRA/NYSE TRF participant, by (b) the total number of all shares reported to the CTA or UTP SIP, as applicable, during that period.

The FINRA/NYSE TRF does not charge for ports, trade reports, client management tool use or invoice contra parties with any charges.

Retail Participants have no monthly fee.*

The following chart shows the monthly fee tiers for Participants that are not Retail Participants:

FINRA/NYSE TRF Market Share	Count of Tape Reports to FINRA/NYSE TRF	Monthly Participant Fee
Greaterthan or equal to 1.25%	More than 25,000 trade reports	$30,000
Greater thanor equal to 1.00% but less than 1.25%	More than 25,000 trade reports	$25,000
Greater thanor equal to 0.75% but less than 1.00%	More than 25,000 trade reports	$20,000
Greater thanor equal to 0.50% but less than 0.75%	More than 25,000 trade reports	$15,000
Greaterthan or equal to 0.25% but less than 0.50%	More than 25,000 trade reports	$10,000
Greaterthan or equal to 0.20% but less than 0.25%	More than 25,000 trade reports	$7,500
Greaterthan or equal to 0.10% but less than 0.20%	More than 25,000 trade reports	$5,000
Lessthan 0.10%	More than 25,000 trade reports	$2,000
n/a	Between 15,001 and 25,000 trade reports	$2,000
n/a	Between 5,001 and 15,000 trade reports	$1,000
n/a	Between 101 and 5,000 trade reports	$750
n/a	Between 1 and 100 trade reports	$250
n/a	No trade reports	$2,000

* A Participant is a “Retail Participant” if substantially all of its trade reporting activity on the FINRA/NYSE TRF comprises Retail Orders. In turn, a “Retail Order” is an order that originates from a natural person, provided that, prior to submission, no change is made to the terms of the order with respect to price or side of market and the order does not originate from a trading algorithm or any other computerized methodology. To become a Retail Participant, a Participant must complete and submit an application form and a written attestation of its qualifications as a Retail Participant to the FINRA/NYSE TRF and be approved by NYSE.