New Product   NYSE Bonds   4/17/2007  
To: NYSE Data Customers
From: NYSE Data Products Team
Subject: NYSE Bonds launch on Monday April 23, 2007!
On Friday, April 20, 2007 NYSE Bonds will rollout its new trading platform after market hours. The platform, which uses the design of the current NYSE Arca all-electronic trading platform, will provide a more efficient and transparent way to trade corporate bonds.

On Monday, April 23, 2007 NYSE Bonds will start trading with the 820 bonds currently listed on ABS. Over the next few months NYSE Bonds will begin adding approximately 2,800 eligible new debt issues of our NYSE equity listings. Phase 1 will begin with the addition of 500 new issues added during the first month after the cutover. Notices will go out prior to trading these issues along with a list posted to the NYSE web site.

Once the new platform goes live the current Automated Bond System (ABS) will operate in shadow mode for two weeks with no orders in the book and will be retired after successful cutover to the new platform. During this time any open GTC orders will need to be re-entered on the new platform in order to remain active.

A quick reference of where to find specific information about NYSE Bonds

Daily Bond Symbol List

With CUSIP:
There is a fee and an agreement that needs to be signed. This is available today
http://www.nysedata.com/nysedata/Default.aspx?tabID=454

Without CUSIP:
No Fee – Will be available at launch
http://www.nyse.com/productservices/securities/1095449059236.html

Quote and Last Sale Feeds
NYSE Bonds will not publish quotes or last sales via any of the SIP’s . ArcaBook and ArcaTrade will be used instead. Information about receiving the NYSE Bonds ArcaBook/Trade feed is available at: http://www.nysedata.com/nysedata/DesktopModules/Bring2mind/DMX/Download.aspx?EntryId=2665&PortalId=0

Connectivity
Connectivity is primarily available via FIX but there are also several OMS providers that are connected. For more connectivity information please visit:
http://www.nyse.com/productservices/securities/1159525845450.html?sa_campaign=/internal_ads/callouts/bondsconnecting

Please note that once the NYSE Bonds system is up and running there will be no market data coming from the ABS High Speed Quote Line. These systems will not run in tandem.
Contacts: Ariel Rastatter - 212.656.2473