- Dec
- 24
- 2007
- 9:31 AM
A great New Year's resolution--NYSE Arca Options!
- By: Amy Farnstrom
- File Under: Options
A look back at 2007, and ahead to 2008.
A look back at 2007, and ahead to 2008.
I don't know how many of you will look at this as an early Christmas present, but it's landing in your stocking this morning nonetheless -- pre-opening indications start today. Ah, the gift of transparency. Beats new socks!
Today's first hour produced NYSE volume of 903 million shares, compared with the previous record of 805 million shares.
One thing I hadn't heard before: we're on track to raise more tech IPO proceeds than Nasdaq this year.
I have no idea what he'll be asked, but recently in these sessions he has talked about what's ahead not only for the New York trading floor but for the whole NYSE Euronext enterprise.
"By trading more of their Tape C [Nasdaq] volume on NYSE Arca, customers will reduce their net rate by 80% to $0.0001/share."
"As we continue to successfully introduce new technology and an updated rule set for specialists with approval of the SEC, we expect the specialist role and their market making capabilities to further evolve."
"While many of the changes require Securities and Exchange Commission approval, Mr. Niederauer said he hopes they can be completed by early 2008."