Replies to post #27294 on Wall $t Banker$$ (BANKZ)

[Major_Bankz]

NYSE kills sub-penny halt rule, re-list 91 stocks

* NYSE to relist 91 stocks, including Fannie, Freddie

* Stocks below $1.05 will no longer go to Arca

* NYSE to round sub-penny quotes to nearest penny

NEW YORK, Nov 14 (Reuters) - The New York Stock Exchange will no longer halt trading in stocks that fall below $1.05, allowing the exchange to relist some 91 securities, including U.S. mortgage giants Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz), Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) and Nortel Networks Corp (NT.N: Quote, Profile, Research, Stock Buzz).

The exchange's parent, NYSE Euronext (NYX.N: Quote, Profile, Research, Stock Buzz), said it received approval from the U.S. Securities and Exchange Commission to relist the securities, starting Monday.

The move eliminates the "sub-penny trading halt" rule that bumps depressed stocks to NYSE's small-cap Arca platform. As of next week, the NYSE will round quotes that trade in increments below one cent to the nearest penny. (Reporting by Jonathan Spicer; editing by Jeffrey Benkoe)

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