• Jan
  • 06
  • 2009
  • 7:03 PM

And Now for Something Completely Different: NYSE MatchPoint Drives for Liquidity

By: Ray Pellecchia
File Under: MatchPoint

My MPLC (MatchPoint-leading colleague) Jim Ross tells me that tomorrow kicks off a liquidity drive for this new NYSE exchange facility. And what exactly does that mean, you ask? Well, funny you should ask. Starting tomorrow, a number of major users are expected to begin participating in NYSE MatchPoint's intraday and after-hours matches. At the top of every hour throughout the day, MatchPoint aggregates all the orders in the system at that moment, and brings them together for ONE. BIG. MATCH.

This is something new and different from us, and as you may have noticed -- hello? -- you don't exactly see new and different things from us every day.

So consider this an invite to the party. You never know who you might meet. Or should I say, you never know whose orders might meet yours. Because it's anonymous. Non-displayed. And it's centralized. Neutral. Level playing field. Can trade blocks or portfolios. Will watch your kids if you need a night out.

OK, the baby-sitting is extra.

All kidding aside, definitely worth checking out. Here's a couple of slides that explain all of the excellent features better than I'll ever be able to, and a memo to traders about tomorrow's kickoff. See you at the party.

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