On September 25, the New York Stock Exchange Regulation, Inc.’s Division of Market Surveillance re-launched the Front End System Capture (FESC) Report Cards. FESC Report Cards assist firms in monitoring their compliance with NYSE Rule 123(e) and (f), which requires members and member organizations, immediately following the receipt of an order on the floor, to submit the order information to the FESC database before the orders are represented on the floor. The upgraded FESC Report Card system provides enhanced data analysis, including access to more detailed information regarding FESC submissions in relation to execution reports submitted via the Online Comparison System (OCS). Additionally, OCS elements will now be included in FESC Report Card titles.
Click here to read Information Memo 09-45