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NYSE Trading Floor to Open to DMMs on 25 January 2021

Source: Fazzaco

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The New York Stock Exchange (NYSE) announced today that it will reintroduce a subset of Designated Market Makers (DMM) to conduct manual trading, including the opening and closing auctions, in the DMM unit's assigned securities on Monday, 25 January 2021. The Trading Floor will continue to operate with reduced headcount and additional safety precautions to accommodate health-focused considerations.

Until the Trading Floor fully reopens, NYSE expects a subset of NYSE-listed securities will continue to be supported by the DMM remotely. NYSE will publish a daily list on its website of those securities that will be ineligible for manual auctions conducted from the Floor.

In response to deterioration in public health conditions in New York City, NYSE announced on 28 December 2020 that NYSE DMMs would temporarily return to remote operations. During the past four weeks, DMMs has electronically provided liquidity and facilitated the auctions in assigned securities, and they retained their regulatory obligations to maintain the fairness and order of all NYSE-listed securities markets.

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