A 5279 - June 15, 2001

A 5279 - June 15, 2001
P&S 4849

TO: ALL PARTICIPANTS

ATTENTION: MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER, MANAGER P&S DEPARTMENT, MANAGER DATA PROCESSING DEPARTMENT

SUBJECT: NSCC DISCONTINUES ALL EQUITY TRADE COMPARISON FOR NYSE ON-LINE COMPARISON SYSTEM (OCS) TRANSACTIONS

As previously announced in Important Notice A 5243, P&S 4813 dated March 27, 2001, National Securities Clearing Corporation (NSCC), in conjunction with the New York Stock Exchange (NYSE), will discontinue all equity trade matching for NYSE comparison data effective from and after Thursday, June 28, 2001.

Trades that would previously have resulted in matched transactions on the NYSE Regular Way T+1 contract lists (print image and machine readable) will remain unmatched until resolved in the NYSE On-Line Comparison System.

Although matched trades will be eliminated, NSCC will continue to display unmatched trades and corresponding advisory activity on the NYSE Regular Way T+1 contract lists (print image and machine readable) for informational purposes.

The planned changes will not affect the processing of American Stock Exchange Regular Way T+1 contract lists (print image and machine readable).

The New York Stock Exchange has outlined their planned modifications in their information circular PT 0083.

The following print image AutoRoute product is affected by this change, in that no compared NYSE equity trades will appear on this report beginning on June 28, 2001:

AutoRoute ID #

Report Name

02010038

NYSE Night-of-Comparison (Regular Way)

Contract Report

The Machine Readable (MRO) file affected by this change is shown below. This file format, as well as all other Participant file formats, are available for your use at NSCC's Website, http://formats.nscc.com

NEW DEFINITION (JUNE 28, 2001)

AutoRoute ID

File Name

Length

Position

Description

Comments

02012034

NYSE Night-of-Comparison

(Regular Way)

Contract File

109-110

Trade Status

Code

U1 = Uncompared

As Submitted

SA = Submitted

Advisory

Against

Major Broker

All NSCC Equity Trade Matching Discontinued As Of June 28, 2001

Questions regarding this change or this notice may be e-mailed to the undersigned at gkrobisch@dtcc.com or contact your DTCC Relationship Manager or Participant Services Representative at (212) 855-4155.

Questions regarding the OCS system should be addressed to Mr. Joseph Fawcett (NYSE) at (212) 656-8585, or Mr. Fred Lipinski (NYSE) at (212) 656-3021.

Gerhard Krobisch
Vice President, Product Marketing and Development