Over the weekend, the New York Stock Exchange successfully conducted a market-wide training exercise involving floor brokers, specialists and other market participants in preparation for the Phase III launch of the NYSE Hybrid Market on Friday, October 6.

The NYSE said that the training exercise, which involved full-scale functional testing through simulated Hybrid Market trading in NYSE-listed stocks, produced valuable information and experience for the exchange, its members and member firms prior to the Phase III launch.

On October 6, Phase III full Hybrid Market trading will begin with two NYSE-listed securities, followed by a gradual roll-out of all NYSE-listed securities through December 2006.