The New York Stock Exchange has submitted a letter to the Securities and Exchange Commission requesting an extension of the implementation date of SEC Regulation NMS Trading Phase.

The NYSE is currently in the process of completing a rollout of certain aspects of its Hybrid Market implementation. Until such rollout is complete, NYSE quotes would not qualify as automated quotes under Regulation NMS. NYSE expects to complete such rollout by the end of February 2007 and, consequently, has requested an extension of the Hybrid Market implementation date from February 5, 2007 to March 5, 2007.