The PCS was created for clients who facilitate executions of large portfolios based on specific risk parameters. The PCS is open to all NYSE-, NASDAQ-, Amex- and NYSE Arca-listed stocks. The crosses will occur at approximately 8:01 pm Eastern Time for PCS Cross Orders entered before 8:00 pm Eastern Time on NYSE Arca.
“The Portfolio Crossing Service is yet another example of NYSE Arca building services around client needs,” said Mike Cormack, Executive Vice President, NYSE Group. “We continue to evolve the NYSE Arca trading platform by providing new trading efficiencies to the marketplace.”
For complete information on the NYSE Arca PCS, please visit the NYSE Arca website at: http://www.nysearca.com.