Does the NYSE have a listing of high beta stocks which are also high volume stocks?

If the response to above is affirmative, then can the list be e-mailed to me when updated versions are issued?

Thank you.

by Allan on June 25, 2008 9:52 AM

Allan -- The "Market Activity" box on right side of the home page of NYSE.com has a tab for NYSE. Under that tab, there is a pull-down to get the 10 most-active stocks at any time, as well as the 10 biggest advancers and decliners.

I believe that's all we have on that front. Thanks for writing, Allan.

by Ray Pellecchia on June 25, 2008 12:27 PM

Is Google offering any sort of API for this? I would love to write my own quote package that hooked in to this.

by Kevin on June 25, 2008 3:42 PM

ray,
how much revenue is estimated that NYX will receive from real time data?
also, how many information providers do you think will sign up?
thanks.

by sm on June 27, 2008 6:57 PM

Ray, I saw Mr Maguire on CNBC today talking about the NYSE doing a pilot programme with 100 stocks trading in Nickel Increments. Any news on this? This would be a big benefit for creating more liquidity and a deeper overall trading market. This should be done ASAP. Thanks.

by tony dey on June 27, 2008 7:59 PM

Thanks to everyone for writing.

Kevin -- I don't know if Google is offering an API, but I would suggest writing to them and asking. Both of the Google blogs linked above enable you to write directly to them. Please let me know if that doesn't work out.

SM -- I'm sorry, we don't provide guidance, so I can't offer an estimate of future revenue from real-time data. On your other question: I don't know how many information providers will sign up, but I do know the opportunity is open for other providers to join up.

Tony -- As always, this is just me talking, not an official company position. Let me also say up front I have the utmost respect for Mr. Maguire, a longtime and well-regarded member; and for you, my faithful correspondent and vigorous proponent of the NYSE.

That being said, however, I just can't see this proposal being taken up by the SEC. It's worth noting that decimalized price increments were put forward by the U.S. Congress and mandated by the SEC in 2001. Reg. NMS was adopted by the SEC a couple of years ago. Personally, I don't believe it's realistic to think either institution will roll back either initiative, even for a pilot.

Regarding having the NYSE make the minimum price increment a nickel instead of a penny, without other markets doing the same, I just don't understand how that would be practical in today's competitive world. We put up a bid for a nickel, and another market bids 6 cents and shuts us out. Even if we could coalesce deeper liquidity at each nickel price point, I think we would be always bettered by at least a penny on every bid and offer. I wouldn't want to see us in a position of offering our customers inferior prices as well as less pricing flexibility (fewer price points).

We have what I believe are very positive proposals pending the SEC's review now, and I look forward to seeing them being put into action. I don't see them as a panacea but I do think they will help bring about the enhanced liquidity, price improvement and overall vibrant market participation that everyone is seeking.

by Ray Pellecchia on June 28, 2008 10:45 AM

I understand your take on this and i appreciate your opinion. This space is too small to get into every point but since the NYSE already owns ARCA why not try an alternate venue handled by the DMM at the exchange for large orders & institutions? Like a minimum 5k orders and up. It would serve as a dark pool type of venue. Your customers would really have a choice to be able to trade blocks at one price increment and save money. The SEC has also recently stated that they are giving the exchange the green light to make changes much easier. Traders Magazine has an article about it. Lets face it ray, no one is going to put down big size bids/offers on the current Hybrid because of the obvious reasons so why not give a pilot programme a try? Mr Maguire knows exactly what he is talking about and i believe he has the NYSE and your customers best interest at heart. If the current system was so good the NYSE wouldn't have to constantly make changes. Look at the current volume levels on the NYSE. It would be a huge step in the right direction. Every professional that understands this business agrees. As always Ray, thank you.

by tony dey on June 28, 2008 2:22 PM

ray,
this is off topic, but i've noticed that the NYSE bond platform is'nt doing any significant volume.i realize it's a new initiative, but i'd like to hear your take on this.
thanks,
sm

by sm on June 29, 2008 6:39 PM

Hey Ray!
What about nyse.com...we have NYSE real-time prices too! Let's tell the investing world!

by Danielle Gustafson on July 1, 2008 11:07 AM

Good morning, I would like to ask you about owning some stocks and this one that i want to buy have been doing very well. But the thing is i don't want to go on line to do so i rather buy some stocks in person and how do i go about setting up an appointment for that. The stock that of is G.E and AMBproperty to. thank you for reading my letter and you have a bless day. Sincerely Tyrone G. Ambrose

by Tyrone G. Ambrose on August 4, 2008 11:45 AM