Notice of ADF-Related NYSE Rule Change and Exemption Request
March 2, 2007
On March 5, 2007, the Regulation NMS ("Reg NMS") Trading Phase will commence. The New York Stock Exchange ("NYSE") filed a rule filing for immediate effectiveness on March 1, 2007 (see File No. SR-NYSE-2007-23) and a related exemption request. If the exemption request is granted by the Securities and Exchange Commission as discussed in the NYSE rule filing, the NYSE will be exempt from the obligation to route orders to protected quotations of ADF trading centers (i.e., the NYSE will not be obligated to protect the ADF best bid or offer) beginning on March 5, 2007 (the Reg NMS Trading Phase date) until April 5, 2007.