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nyse_american [2019/05/23 16:28] – mayanyse_american [2023/02/27 12:21] (current) – [Financial News/Research] hammed
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 ====== NYSE American ====== ====== NYSE American ======
 +
 NYSE American is the leading capital market for small cap companies within NYSE Euronext.  NYSE American is the leading capital market for small cap companies within NYSE Euronext. 
  
-[[https://www.nyse.com/markets/nyse-american| Homepage]]\\ +[[https://www.nyse.com/markets/nyse-american| Homepage]]
  
 Currency: US Dollar (USD) Currency: US Dollar (USD)
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   * Reserve Limit Buy/Sell→ShortSell (Day)   * Reserve Limit Buy/Sell→ShortSell (Day)
   * Stop Limit Buy/Sell→ShortSell (Day)   * Stop Limit Buy/Sell→ShortSell (Day)
 +
 ==== Basic Market Rules ==== ==== Basic Market Rules ====
-  * [[ http://wallstreet.cch.com/American/Rules/| Lot Size]]: 100 shares. See NYSE American Rule 55. + 
-  * [[ http://wallstreet.cch.com/American/Rules/| Tick Size]]: less than $1.00, 0.0001; $1.00 or greater, 0.01. See NYSE American Rule 62. +  * [[ https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf| Lot Size]]: 100 shares. See NYSE American Rule 55. 
-  * [[ http://wallstreet.cch.com/American/Rules/ | Circuit Breakers]]: between 9:45 am and 3:35 pm, or in the case of an early close, 25 minutes before the closing of trading, if the price of a security moved by a percentage specified below within a five-minute period, trading in that security shall immediately pause on the exchange for a period of 5 minutes:+  * [[ https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf| Tick Size]]: less than $1.00, 0.0001; $1.00 or greater, 0.01. See NYSE American Rule 62. 
 +  * [[ https://www.nyse.com/markets/nyse/trading-info#mwcb | Circuit Breakers]]: between 9:45 am and 3:35 pm, or in the case of an early close, 25 minutes before the closing of trading, if the price of a security moved by a percentage specified below within a five-minute period, trading in that security shall immediately pause on the exchange for a period of 5 minutes:
     * a) 10% or more with respect to securities included in the S&P 500 Index, Russell 1000 Index, and the Invesco PowerShares QQQ exchange traded fund;      * a) 10% or more with respect to securities included in the S&P 500 Index, Russell 1000 Index, and the Invesco PowerShares QQQ exchange traded fund; 
     * b) 30% or more with respect to all Tier 2 NMS Stocks with a price equal to or greater than $1; and     * b) 30% or more with respect to all Tier 2 NMS Stocks with a price equal to or greater than $1; and
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 The determination that the price of a stock is equal to or greater than $1 in b), or less than $1 in c), shall be based on the closing price on the previous trading day, or, if no closing price exists, the last sale reported to the Consolidated Tape on the previous trading day. See Rule 80C. The determination that the price of a stock is equal to or greater than $1 in b), or less than $1 in c), shall be based on the closing price on the previous trading day, or, if no closing price exists, the last sale reported to the Consolidated Tape on the previous trading day. See Rule 80C.
 +
   * [[ http://wallstreet.cch.com/American/Rules/ | Short Sale Rules]]: short selling is allowed but must be declared in the order. See Rule 440B.   * [[ http://wallstreet.cch.com/American/Rules/ | Short Sale Rules]]: short selling is allowed but must be declared in the order. See Rule 440B.
  
 For more information, see the [[https://www.nyse.com/regulation/nyse-american/rules-and-interpretations | Rules and Interpretations]] page. For more information, see the [[https://www.nyse.com/regulation/nyse-american/rules-and-interpretations | Rules and Interpretations]] page.
 +
 ==== Auction Mechanisms ==== ==== Auction Mechanisms ====
  
 ===Open Timeline=== ===Open Timeline===
 +
 **7:30 am** **7:30 am**
   * CCG (Common Customer Gateway) opens for order entry   * CCG (Common Customer Gateway) opens for order entry
   * Only NYSE and NYSE American-listed names can participate in the opening auction   * Only NYSE and NYSE American-listed names can participate in the opening auction
-  * Orders can be entered and cancelled until the security is opened by the DMM, even if order entry or cancellation occurs after 9:30 am+  * Orders can be entered and cancelled until the security is opened by the DMM (Designated Market Maker), even if order entry or cancellation occurs after 9:30 am
   * The NYSE Auction Process allows for all stocks, particularly IPOs or Listed Companies with news announcements, to open later than 9:30 am to ensure accurate pricing   * The NYSE Auction Process allows for all stocks, particularly IPOs or Listed Companies with news announcements, to open later than 9:30 am to ensure accurate pricing
  
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 **9:30 am** **9:30 am**
-  * DMMs begin to open each security+  * DMMs (Designated Market Makers) begin to open each security
   * Securities that meet predetermined parameters may be opened automatically   * Securities that meet predetermined parameters may be opened automatically
   * Securities without crossing interest will automatically post an opening quote   * Securities without crossing interest will automatically post an opening quote
  
 ===Closing Order Types=== ===Closing Order Types===
 +
 **Market on Close (MOC)** **Market on Close (MOC)**
-  * Can be entered until 3:45 pm +  * Can be entered until 3:50 pm 
-  * After 3:45 pm, can be entered only on the contraside of a Regulatory (123C) Public Imbalance until 4:00 pm\\+  * After 3:50 pm, can be entered only on the contraside of a Regulatory (123C) Public Imbalance until 4:00 pm 
 **Limit on Close (LOC)** **Limit on Close (LOC)**
-  * Can be entered until 3:45 pm +  * Can be entered until 3:50 pm 
-  * After 3:45 pm, can be entered only on the contraside of a Regulatory (123C) Public Imbalance until 4:00 pm\\+  * After 3:50 pm, can be entered only on the contraside of a Regulatory (123C) Public Imbalance until 4:00 pm 
 **Closing Offset Order (CO)** **Closing Offset Order (CO)**
   * Limit Order Only   * Limit Order Only
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 ===Closing Timeline=== ===Closing Timeline===
-**7:30 am** + 
-  * CCG opens for order entry\\ +**3:00 pm** 
-**3:45 pm** +  * Initial broadcast of imbalance information 
-  * Cutoff time for MOC/LOC order entry; only Regulatory publication offsetting orders afterwards + 
-  * Systematic publication of MOC/LOC Regulatory Imbalance is released\\ +**3:50 pm** 
-**3:45 pm – 3:59:55 pm** +  * Freeze period begins 
-  * Informational Imbalance publication is disseminated every 5 seconds +
-  * Includes the Paired-off quantity, Order Imbalance, Closing Only Interest Price, and Indicative Clearing Price\\ +
-**3:55 pm** +
-  * d-Quotes and pegged e-quotes to be included in the Indicative Clearing Price dissemination\\ +
-**3:45 pm – 3:58 pm** +
-  * Only MOC/LOCs orders that are documented errors may be cancelled\\ +
-**3:58 pm** +
-  * No cancels after this point, except as noted in Rule 123C(8)(a)(ii)\\+
 **4:00 pm** **4:00 pm**
-  * Closing Auction begins +  * Auction run/closing price disseminated 
-  * Securities that meet predetermined parameters may be closed automatically+
 ===== Financial News/Research ===== ===== Financial News/Research =====
  
-[[ http://www.cnbc.com/id/15839076 | CNBC ]]\\ +  * [[ https://www.cnbc.com/markets/ | CNBC ]] 
-[[ http://finviz.com/screener.ashx | Finviz ]]\\ +  * [[ http://finviz.com/screener.ashx | Finviz ]] 
-[[ https://www.google.com/finance/stockscreener | Google Finance ]]\\ +  * [[ https://www.google.com/finance/ | Google Finance ]] 
-[[ http://www.marketwatch.com/tools/stockresearch/screener/ | MarketWatch ]]\\ +  * [[ http://www.marketwatch.com/tools/stockresearch/screener/ | MarketWatch ]] 
-[[ http://screener.finance.yahoo.com/stocks.html | Yahoo! Finance ]]+  * [[ http://screener.finance.yahoo.com/stocks.html | Yahoo! Finance ]]
  
 ===== See Also ===== ===== See Also =====
 +
   * [[market_guides|Market Guides]]   * [[market_guides|Market Guides]]
nyse_american.1558643328.txt.gz · Last modified: 2019/05/23 16:28 by maya