I just read the following on traderbulletin.com and thought it might interest some NYSE traders. Can anyone else figure out what the hell the NYSE is doing lately. The NYSE put limits on its Direct+ auto-execution system yesterday. From now on, traders will no longer receive automatic executions if such orders are priced beyond five cents from the last sale. The NYSE reportedly made the move to reduce volatility, in connection with its new auto-quoting and liquidity quote systems. Many traders denounced the change, however, saying that the NYSE imposed the limits to revert an element of control back to its specialists, at the expense of investors.