What is the Automated Pricing and Reporting System?
The Automated Pricing and Reporting System is the mechanism used by the New York Stock Exchange to communicate information about stock sales and other stock activity to investors and brokers. The reporting system is unique to the NYSE, and is specifically designed to function within the perimeters set by the function of the Exchange itself. All aspects of stock sale and related stock activity are reported in a realtime manner, including information about current stock prices. Along with reporting general information, the Automated Pricing and Reporting System also has a unique function that has to do with odd lots of various stocks. The pricing system component of the computer network assesses the status of odd lots of stocks and helps to determine the price that will prevail in relation to a given odd lot. At the same time, the reporting system component of the network will make this information available to brokers and investors, who can then consider acquiring the odd lots currently
