- May
- 02
- 2006
- 10:41 AM
NYSE Arca to Offer Portfolio Cross
- By: Ray Pellecchia
- File Under: NYSE
NYSE Arca is offering a new Portfolio Closing Cross that enables execution of entire portfolios on NYSE Arca.
News release says NYSE Arca clients can trade baskets of a minimum of 15 stocks valued at least $1 million.
The service was created for clients who facilitate executions of large portfolios based on specific risk parameters. It's open to all NYSE-, NASDAQ-, Amex- and NYSE Arca-listed stocks. The crosses will occur at approximately 8:01 pm Eastern Time for PCS Cross Orders entered before 8:00 pm Eastern Time on NYSE Arca.
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