- Mar
- 31
- 2008
- 4:33 PM
Trading stocks and options on NYSE Arca gets cheaper, effective tomorrow
- By: Ray Pellecchia
- File Under: NYSE Arca
On an afternoon when the Yanks' Opening Day got rained out, a bit of good news.
« February 2008 | March 2008 | April 2008 »
- Mar
- 28
- 2008
- 1:01 PM
'NYSE Plans to Introduce Reserve Orders for Electronic Entry'
- By: Ray Pellecchia
- File Under: NYSE
“This is about providing our customers with greater choice and flexibility in how they access our market,” Larry says.
Choice and flexibility are getting to be the major themes here, as well they should.
- Mar
- 24
- 2008
- 8:49 AM
Rosenblatt Hires Charlop
- By: Ray Pellecchia
- File Under: NYSE
Neither is a household name outside the Exchange community (at least not yet; apologies, Dick and Gordon!) but nonetheless, this is interesting news.
- Mar
- 20
- 2008
- 4:37 PM
'TransactTools May Be NYSE Euronext's Most Important Asset'
- By: Ray Pellecchia
- File Under: NYSE Technologies
"...NYSE TransactTools can begin to empower the midtier and smaller brokers that are quickly being shut out of the market."
- Mar
- 20
- 2008
- 10:53 AM
Record NY volume at the open -- why?
- By: Ray Pellecchia
- File Under: NYSE
In crunch time, you can get it done here, and you can get it done at the right price.
- Mar
- 20
- 2008
- 6:26 AM
Good Morning, It's Quarterly Expiration Day!
- By: Ray Pellecchia
- File Under: NYSE
Plus: you can get married in Gibraltar near Spain. Plus plus: happy birthday to the father of efficiency (and humanity) in management.
- Mar
- 19
- 2008
- 8:28 AM
'NYSE Gives Floor a Credit to Provide Liquidity'
- By: Ray Pellecchia
- File Under: NYSE
Not a panacea, but a step in the right direction.
- Mar
- 18
- 2008
- 6:18 PM
Line of the day
- By: Ray Pellecchia
- File Under: NYSE
The number of dark pools is exceeded only by... Read on for the rest of Mr. Selway's comment.
- Mar
- 18
- 2008
- 3:37 PM
Fed ramps up our message volume
- By: Ray Pellecchia
- File Under: NYSE
I've mentioned here previously, the capacity to accommodate these spikes in message traffic requires a lot of planning and investment on our part. It's largely unseen part of the exchange business, and I'm glad (and relieved!) when it bears fruit as it did today.
- Mar
- 18
- 2008
- 11:48 AM
'There are now more than 55 equity venues in the U.S.'
- By: Ray Pellecchia
- File Under: NYSE, NYSE Arca
So says Tabb Group CEO and founder Larry Tabb, quoted in a brief Securities Industry News article with the wonderfully succinct headline, "Equity Venues > 55."
So much for the NYSE-Nasdaq duopoly you read so much about a couple of years ago. Competition appears to be more alive and well than ever in the equity markets.
- Mar
- 18
- 2008
- 9:17 AM
Rule 48 in effect again today
- By: Ray Pellecchia
- File Under: NYSE
With the futures up significantly this morning, NYSE is invoking Rule 48 today, as we did yesterday.
- Mar
- 17
- 2008
- 2:37 PM
'Reg NMS Is a Winner, SEC Says'
- By: Ray Pellecchia
- File Under: NYSE
As the article goes on to point out, some traders have a very different point of view. Someone, please explain to me the reason why there's such a disconnect.
- Mar
- 17
- 2008
- 9:00 AM
Rule 48 in effect today
- By: Ray Pellecchia
- File Under: NYSE
The rule provides the exchange with the ability to suspend the requirement to disseminate price indications and obtain floor-official approval prior to the opening when extremely high market-wide volatility could delay opening securities on the exchange.
- Mar
- 14
- 2008
- 4:33 PM
Clips on the NYSE Arca 'Cloud'
- By: Ray Pellecchia
- File Under: NYSE Arca
Cloud is not the official name, and in fact the initiative doesn't really have a name, but I like the word because in this case, it fits. Orders that don't get matched within NYSE Arca are routed through this cloud of dark indications on their way to going out to another market. If they find a match in the cloud, they save time in terms of latency and have an opportunity to get price improvement. They also have a better opportunity to get filled. So in terms of liquidity, I hope this dark cloud is a rainmaker for you.
Forgive me.
- Mar
- 14
- 2008
- 10:50 AM
MatchPoint: Building Liquidity
- By: Jim Ross
- File Under: MatchPoint
NYSE MatchPoint is drawing near to the day when we’ll drop the flag for the first matching session — the after-hours match at 4:45 pm Eastern.
In January, we received SEC approval and rolled our platform into production. Since that time, we’ve been working feverishly to authorize and connect the backlog of NYSE members into MatchPoint. Every NYSE member firm and every major OMS/EMS vendor are engaged with MatchPoint in some form or fashion.
- Mar
- 12
- 2008
- 3:51 PM
NYSE Arca 1st Exchange to Route to Diverse, Non-Displayed Liquidity
- By: Ray Pellecchia
- File Under: NYSE Arca
"-- Increased potential for filling orders;
-- Potential for price improvement;
-- Extraordinary access to liquidity with 29 confirmed participants, comprising the largest collection of non-displayed liquidity pools available in the market;
-- Access to 3 1/2 times the number of routing destinations offered by the nearest competitor."
- Mar
- 04
- 2008
- 11:57 AM
Green light for BlueNext
- By: Ray Pellecchia
- File Under: BlueNext
I keep meaning to find out more about this, as I remain interested in how our ability to convene markets can actually reduce pollution. I'll get to it one of these days. In the meantime, here's the latest.
Plus: the rebound of '98, and Knute Rockne.
- Mar
- 03
- 2008
- 10:30 AM
Reminder: new incentive for floor brokers to add liquidity starts today
- By: Ray Pellecchia
- File Under: NYSE
Just came from a meeting where some NYSE managers were saying that not all the floor brokers were aware of the pricing change we announced on Friday, which I blogged about here.
What? People aren't reading my stuff? Heresy! I mean, WTH? (That's what the heck -- after all, this is a family blog.)
My feelings are so hurt.
OK, I'm over it. Maybe this is what happens when you announce something on a Friday: it gets lost amid the weekend anticipation. Or maybe I haven't been posting frequently enough, and people are falling out of the habit. Anyway, this post is a reminder.
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