On August 14th, NYSE Regulation issued an Information Memo reminding members of the reporting requirements for Crossing Session II transactions. CS II runs from 4:00 to 6:30 PM and handles crosses of a basket of multiple stocks of aggregate price buy and sell orders. CS II Detail Reports (the breakdown of symbols and corresponding number of shares for each Crossing Session II basket) must be reported to the Exchange via the electronic filing platform on trade date (T+0).
Members are also reminded that timely, complete and accurate CS II Detail Reports are essential in order for the Exchange to comply with, and pay all fees due pursuant to, Section 31 of the Securities Exchange Act of 1934. Failure to timely or accurately submit CS II Detail Reports to the Exchange may result in disciplinary action against the firm and/or responsible individuals.