S&P 500® Quarterly Rebalance – December 18, 2020

Overview
Quarterly modifications to S&P Indices will take impact previous to the open of buying and selling on Monday, December 21, 2020; particulars of the modifications can discovered right here. As a consequence of these modifications and quarterly choices expiration, NYSE anticipates elevated buying and selling exercise on Friday, December 18, 2020, significantly close to the top of the buying and selling day and within the NYSE Closing Public sale.

Regular Closing Public sale guidelines and procedures will apply on December 18th. Whereas we’re assured in our capability planning and software program administration course of, we wish to remind individuals of assorted system interruption contingencies.

Communications
NYSE will disseminate occasion updates to tell market individuals of surprising market situations through the online at www.nyse.com/market standing/historical past and through RSS and e mail notifications utilizing NYSE System Standing, all of that are part of our common communication strategies for alerting our prospects to essential information. To subscribe or replace your preferences for NYSE Market Standing Notices, go to www.nyse.com/subscriptions. NYSE, NYSE American, NYSE Arca, Cboe and Nasdaq will maintain a market-wide name to offer the business with info, starting at 3:30 p.m., ET. To make sure that you’re not delayed within the convention name queue because of the excessive name quantity, please name in not less than ten minutes early.

Contingency Procedures
If the NYSE experiences a system disruption that will influence its capacity to conduct a closing public sale, it would implement one of many following three

contingency situations:

If the NYSE experiences a system disruption that will influence its capacity to conduct a closing public sale, it would implement one of many following three contingency situations:

System Interruption Contingency State of affairs 1
If after exhausting all potential restoration choices, the NYSE determines at or earlier than 3:00 p.m. Japanese Time that it’s unable to conduct a closing transaction in a number of securities, the NYSE will designate NYSE Arca because the alternate trade and the NYSE’s Official Closing Worth within the affected securities would be the official closing value below the principles of NYSE Arca. In such an occasion, all closing curiosity on the NYSE within the affected securities shall be deemed cancelled and member organizations shall be inspired to re route their closing curiosity for participation within the NYSE Arca closing course of.

System Interruption Contingency State of affairs 2
Within the occasion of an NYSE system interruption that happens after 3:00 p.m. Japanese Time whereby service shall be restored after the 4:00 p.m. shut time, the NYSE will prolong when it conducts the closing course of to a time later than the standard 4:00 p.m. shut time. The NYSE will notify market individuals of the brand new shut time and any modifications to the cutoff occasions for submitting closing curiosity. The brand new time shall be communicated to market individuals through the market-wide name and a system standing posting.

System Interruption Contingency State of affairs 3
Within the occasion of an NYSE system interruption that happens after 3:00 p.m. Japanese Time whereby service is not going to be restored, the NYSE’s Official Closing Worth would be the VWAP of the final consolidated sale costs for the final 5 minutes of buying and selling for every affected NYSE listed safety. The NYSE will notify market individuals through the market-wide name and a system standing posting that the closing course of is not going to happen and that every one closing curiosity on the NYSE within the affected securities shall be deemed cancelled. Operational questions on this memo needs to be directed to your relationship supervisor or [email protected]