NYSE Arca has implemented a portfolio crossing service (PCS) to allow for the execution and reporting of entire portfolios (baskets) of stock at the conclusion of the late trading session.

The PCS was created for clients who facilitate executions of large portfolios based on specific risk parameters. The PCS is open to all NYSE-, Nasdaq-, Amex- and NYSE Arca-listed stocks. NYSE Arca clients can trade baskets of a minimum of 15 stocks valued at least US$1 million.

The crosses will occur at approximately 8:01 p.m. ET for PCS Cross Orders entered before 8:00 p.m. ET on NYSE Arca.

“The Portfolio Crossing Service is yet another example of NYSE Arca building services around client needs,” said Mike Cormack, Executive Vice President, NYSE Group. “We continue to evolve the NYSE Arca trading platform by providing new trading efficiencies to the marketplace.”