Effective November 17, the New York Stock Exchange eliminated the “Sub-penny Halt” trading condition that was imposed pursuant to NYSE Rule 123D(3). The NYSE amended Rule 123D(3) on March 5, 2007, to create a non-regulatory halt triggered whenever a security trading on the NYSE was reported on the Consolidated Tape during normal trading hours as being executed at a price of $1.05 or less per share. At the time, Exchange systems did not accommodate sub-penny executions on orders routed to better-priced protected quotations. The Sub-penny Halt is being eliminated because Exchange systems are now capable of recognizing protected quotations with a sub-penny component in its round-lot market and accommodating away from market executions in a sub-pennies, in compliance with Securities and Exchange Commission Rules under Regulation NMS.

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