[16860]
December 9, 2003
TO: EQUITY MARKETS ADVISORY COMMITTEE No. 39-03
RE: AMEX PROPOSED RULE CHANGE RELATING TO AT-THE-CLOSE ORDERS
The SEC has published for comment a proposed rule change filed by the American Stock
Exchange relating to “at-the-close” orders and auxiliary opening procedures on the Exchange.1
In particular, Amex proposes (1) to adopt new rules and amend current rules to set forth
procedures regarding “at the close” orders; (2) to implement additional policies relating to daily
on-close procedures and expiration day auxiliary opening procedures; and (3) to adopt a new
rule to reflect procedures applicable to “at-the-close” orders in Nasdaq securities traded on the
Exchange pursuant to unlisted trading privileges (“UTP”).
Comments on the proposed rule change must be received by the SEC no later than
December 19, 2003. If you would have any comments on the proposed rule change, please
provide them to the undersigned by phone at (202) 371-5408 or by e-mail at aburstein@ici.org
no later than December 15.
Ari Burstein
Associate Counsel
Attachment (in .pdf format)
1 Securities Exchange Act Release No. 48813 (November 20, 2003), 68 FR 66898 (November 28, 2003) (“Release”).