| Reply To Message: |
| Posted By |
wrastatter@nyse.com on 6/6/2008 9:15:00 AM |
| Subject: |
RE: Openbook Ultra feed questions |
| Message: |
Hi Turambar,
Just to correct your statement about "slow quotes". When a slow quote status is set, we send A, B, H quote conditions to CQS to indicate that the NYSE Market has switched off electronic Trading for a max 5 seconds to allow the specialist to inject more liquidity into the market. The same occurs when an LRP is hit, we send E, F or U quote condition to CQS. Either way the quote is always sent to CQS. OpenBook will update regardless of the quote or sale conditions. It is even driven, so every Order, Cancel, Execution will result in an OpenBook message. |
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