« October 2007 | November 2007 | December 2007 »

  • Nov
  • 27
  • 2007
  • 8:49 AM

Men At Work (at re-making the markets)

By: Ray Pellecchia
File Under: NYSE

"To regain lost ground, Niederauer and Leibowitz are taking steps to make the NYSE, NYSE Arca, and the organization itself more competitive."

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  • Nov
  • 27
  • 2007
  • 7:56 AM

Bloomberg: 'NYSE Will Reduce Fees That Floor Brokers Pay to Verify Trades'

By: Ray Pellecchia
File Under: NYSE

"The reduction is the second fee cut announced in as many months for NYSE Euronext, which owns the Big Board."

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  • Nov
  • 26
  • 2007
  • 7:19 PM

Reuters: 'NYSE says to cut some trade-date comparison fees'

By: Ray Pellecchia
File Under: NYSE

Reuters says we're out to price our services competitively; I say *most* competitively, but whatever, I'll take it! To me, the important thing is that we're increasingly customer focused.

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  • Nov
  • 26
  • 2007
  • 2:00 PM

NYSE cutting comparison fees

By: Ray Pellecchia
File Under: NYSE

The timing is nice, but this is no holiday present; rather, I see it as one of a number of steps we're taking to make sure our services are priced most competitively.

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  • Nov
  • 26
  • 2007
  • 7:58 AM

Trading costs for NYSE-listed stocks again lowest in world

By: Ray Pellecchia
File Under: NYSE

For the second year in a row, Elkins/McSherry finds that trading NYSE-listed issues costs less than trading those of any other market in the world.

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  • Nov
  • 21
  • 2007
  • 2:57 PM

Duncan: 'I thought the trading model needed to change, and it has.'

By: Ray Pellecchia
File Under: NYSE

And it looks like it will continue to change, both in the U.S. and in Europe. More after the jump.

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  • Nov
  • 14
  • 2007
  • 7:01 PM

Duncan to present at Merrill conference

By: Ray Pellecchia
File Under: Miscellaneous

A fitting coda to today's news, no?

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  • Nov
  • 14
  • 2007
  • 5:17 PM

Duncan Niederauer appointed CEO; John Thain to be Merrill's chair and CEO

By: Ray Pellecchia
File Under: Miscellaneous

I wish both Duncan and John the best. Will write more about this soon.

more »

  • Nov
  • 14
  • 2007
  • 2:01 PM

NYSE to reallocate certain specialist rights to Kellogg Specialist Group

By: Ray Pellecchia
File Under: NYSE

"We see this as the first phase of a larger, more extensive transition process where we expect to add new liquidity providers to our Specialist community, further enhancing market quality on the NYSE."
-- Duncan Niederauer (quote excerpted)

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  • Nov
  • 14
  • 2007
  • 12:41 PM

'NYSE Moves to Prevent Abuses in Odd-Lot Trades'

By: Ray Pellecchia
File Under: NYSE

Plus: What's free to the public in China but not in the United States?

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  • Nov
  • 07
  • 2007
  • 10:14 AM

From carbon dating to carbon trading

By: Ray Pellecchia
File Under: Miscellaneous

Evolving to seize a market opportunity and help make a positive impact on the environment.

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  • Nov
  • 05
  • 2007
  • 8:45 AM

Business summary for October: growing

By: Ray Pellecchia
File Under: Miscellaneous

How's that for concise? And as an NYX shareholder, I say growing is a good thing.

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  • Nov
  • 02
  • 2007
  • 6:25 AM

BIDS and Big Board brokers

By: Ray Pellecchia
File Under: MatchPoint, NYSE

...and further discussion of our strategy to provide customers with more choices to access liquidity. It's not a question of zero-sum, either-or. Instead it's: choose any or all of the above.

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  • Nov
  • 01
  • 2007
  • 6:08 PM

Program-trading collar gone tomorrow

By: Ray Pellecchia
File Under: NYSE

I'm glad that's happening tomorrow and not today. Had it been today, I'm sure that at least one pundit would have blamed the removal of the restrictions for at least part of today's 362.14-point fall in the Dow Jones Industrial Average.

Is that cynical? Perhaps, but you just know that would have happened.

more »

  • Nov
  • 01
  • 2007
  • 5:53 AM

Stabilization pilot changed (for the better!), effective today

By: Ray Pellecchia
File Under: NYSE

Previously, the specalists' stabilizing "Conditional Transactions" were restricted to only "active" securities. Now, that limitation is eliminated.

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