For NYSE and NYSE Amex equity trading license holders, the Exchange currently offers a two sided crossing session for program trades through its Electronic Filing Platform(EFP).
Time of Operations Functionality
Crossing Session 4:00 - 6:30 p.m. 4:00 - 6:30 p.m.
On the dates the Trading Floor will close at 1:00 p.m., crossing session order entry will begin at 1:00 p.m. for continuous executions until 1:30 p.m.
Crossing Session (Program Trades)
Accommodates the trading of program baskets of at least 15 NYSE securities regardless of value. Members that have either facilitated a basket trade or have paired two customers' baskets can submit aggregate information to the Exchange for immediate execution.
Reports of execution are available via the web-based electronic platform (EFP) shortly after the trade is entered. At 6:30 p.m., the NYSE prints the aggregate information of all baskets executed in this session to the consolidated tape. On the third day following the trade date (T+3), individual component stocks that were executed as part of a basket trade are printed in aggregate form in the NYSE Daily Sales Report.