More Transparency Ahead of the NYSE Open and Close

By: Ray Pellecchia

File Under: NYSE

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I shoulda, woulda, coulda posted this earlier, but better late than never. Our new NYSE Order Imbalances product went live before this morning's opening. It increases the amount of information available in advance of the two most critical points of the trading day.

Here's a link to the press release, and a link to the home page for NYSE Oreder Imbalances. Excerpt from the press release:

“The auctions that take place at the open and close of the New York Stock Exchange are unmatched for their liquidity and price discovery. Now we are providing investors with greater visibility into that auction process, helping customers make better-informed decisions and more effectively manage their execution strategies,” said Mark Schaedel, vice president, NYSE Data Products. “We believe the end result will be increased participation in the open and close, which in turn further contributes to market quality.”

NYSE Order Imbalances will include the following information: time (in milliseconds); symbol; side of the imbalance (buy/sell); paired quantity; imbalance quantity; and reference price (last sale).

Opening imbalances will be disseminated every 5 minutes between 8:30-9 a.m.; every minute between 9-9:20 a.m.; and every 15 seconds between 9:20 and the open (or 9:35, whichever comes first). Closing imbalances will be disseminated every 15 seconds between 3:40-3:50 p.m. and every 5 seconds between 3:50 p.m. and the close.

The new NYSE Order Imbalances product will be provided free of charge to NYSE OpenBook customers. It follows the June 20 introduction of NYSE OpenBook Ultra, which provides a low-latency, event-driven look at the NYSE limit-order book as well as rich content and functionality; and the June 24 launch of NYSE Realtime Stock Prices, which enables information providers to offer NYSE prices in real time and free of charge to unlimited public investors.

A lot of good stuff happening on the data front. Hope it serves you well.

Today in NYSE History (NYSE.com):
1 July 1999 -- Bowne & Company Inc. was listed. Founded in 1775, it is the NYSE's oldest listed company.