« July 2009 | August 2009 | September 2009 »

  • Aug
  • 31
  • 2009
  • 5:17 PM

Summit to Discuss Global Financial Crisis and Road Ahead

By: Ray Pellecchia
File Under: NYSE Euronext

Live via Webcast this Wednesday -- leaders in business, politics and higher education discuss: "Where Do We Go From Here?"

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  • Aug
  • 21
  • 2009
  • 2:12 PM

American Dairy, Inc. Celebrates Transfer to NYSE

By: mricciardi
File Under: Events

From Marisa Ricciardi: Congratulations to American Dairy, Inc. for its great success traveling the pipeline within the NYSE Euronext marketplace.

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  • Aug
  • 21
  • 2009
  • 6:35 AM

Perusing PNP+ Complex Orders

By: twilemon
File Under: NYSE Arca, Options

From Todd Wilemon: PNP+ Complex guarantees the sender price improvement over the screen markets, without a Price Improvement Auction. It will never interact with leg markets.

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  • Aug
  • 20
  • 2009
  • 2:09 PM

Wanted: Young Entrepreneurs Advancing Social Change. Reply to: mtvU and NYSE Euronext

By: Ray Pellecchia
File Under: NYSE Euronext

“Movers & Changers” calls on 16-28 year old college students, individually or in teams of up to three people, to develop and produce a compelling business proposal to revolutionize the future of the world’s social market. Ideas must be creative, original, and scalable to large corporations, in addition to illustrating determination and persistent optimism.

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  • Aug
  • 20
  • 2009
  • 8:30 AM

A Closer Look at Adding Liquidity Orders (ALO)

By: twilemon
File Under: NYSE Arca, Options

From Todd Wilemon: ALO orders never take liquidity, neither on Arca, nor by routing to an away exchange. Like all of our innovative order types, the ALO is designed to give you the power to control how you interact in the marketplace on NYSE Arca.

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  • Aug
  • 19
  • 2009
  • 6:04 AM

High-Frequency Trading Helps Narrow Quoted Spreads

By: Ray Pellecchia
File Under: NYSE, NYSE Amex, NYSE Arca

From Steven Poser: Spreads have narrowed since Reg. NMS implementation for the highest-volume stocks, where high-frequency trading tend to be more prevalent.

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  • Aug
  • 19
  • 2009
  • 6:00 AM

A Detailed Look at Post No Preference Light Only (PNPLO)

By: twilemon
File Under: Options

PNP LO orders do not route off NYSE Arca; once they are posted to the book they process like standard limit orders. Non-marketable orders will post to the book and stand their ground against updates to away markets BBO (Best bid or Offers) and follow standard order processing.

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  • Aug
  • 18
  • 2009
  • 2:28 PM

How the NYSE Trading Floor Prevented a Big, Erroneous Trade Today

By: Ray Pellecchia
File Under: NYSE

Had we been completely electronic, the erroneous orders would have just ripped though the market, taking the stock price down until the mistake was discovered later, then probably being cleaned up with hundreds or thousands of trade cancellations.

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  • Aug
  • 18
  • 2009
  • 7:46 AM

An In-Depth Look at PNP Blind Orders

By: twilemon
File Under: Options

Commencing on Aug. 24, 2009, NYSE Arca Options will begin accepting PNP Blind orders. This order type has been a big success on the equity side and NYSE Arca Options is delighted to add it to the suite of unique order types we offer to our options participants.

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  • Aug
  • 17
  • 2009
  • 5:12 PM

'NYSE Euronext sees encouraging IPO market in 2010'

By: Ray Pellecchia
File Under: Listed Companies

Reuters reports from Brazil today:

* NYSE expects 20 IPOs in 2009, up from 15 so far
* Company encouraged for 2010 IPOs on filings backlog
* NYSE CEO says high-frequency trades should be encouraged

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  • Aug
  • 17
  • 2009
  • 2:36 PM

New York Yankees Legend Hits Home Run with Traders

By: mricciardi
File Under: Events

From Marisa Ricciardi: On Monday, August 10, Bernie Williams visited the NYSE to ring the Closing Bell and to celebrate the success of his smooth jazz radio single “Go For It” off the track of his second album, Moving Forward.

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  • Aug
  • 17
  • 2009
  • 12:13 PM

Distributive Options Linkage with ISO Orders

By: twilemon
File Under: Options

From Todd Wilemon: Come Monday, Aug. 31, 2009, options markets will transition from the linkage hub to direct order routing. That is where the ISO comes in. ISO stands for intermarket sweep order which will allow exchanges to route orders to other markets directly instead of having to send them through a central hub.

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  • Aug
  • 17
  • 2009
  • 7:30 AM

NYSE Magazine Releases Golden Issue

By: mricciardi
File Under: NYSE

From Marisa Ricciardi: Today nyse magazine achieved two milestones –the release of its 50th issue and the results of its fifth annual CEO survey, the NYSE Euronext 2010 CEO Report.

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  • Aug
  • 13
  • 2009
  • 5:47 PM

A Different Perspective on Market Share

By: Ray Pellecchia
File Under: NYSE

We fight and compete hard for every order, and we remain the over all market leader for trading in our listed issues. But market share has to be viewed in context.

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  • Aug
  • 13
  • 2009
  • 3:45 PM

At NYSE, Cultural Change=More IPOs

By: Ray Pellecchia
File Under: NYSE

I can tell you from the inside, there has indeed been a cultural transformation. The market that once waited for companies to mature elsewhere before listing them now competes for them even before their IPO. That marks a cultural shift. So does the fact that our CEO candidly tells a customer that our technology has to get faster, and then goes out and *makes it faster*.

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  • Aug
  • 12
  • 2009
  • 10:50 AM

Listing of Starwood Property Trust and Emdeon Underscore NYSE's Leadership in IPOs

By: Ray Pellecchia
File Under: Listed Companies

Here are some facts from today's press releases about the two IPOs, to offer some perspective.

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  • Aug
  • 12
  • 2009
  • 8:17 AM

On IPO Day One, A CEO Tells the Story of the Company: Emdeon

By: Ray Pellecchia
File Under: Listed Companies

I thought it might be neat to post all of the interviews in one place as they become publicly available, to offer a quick look at how one CEO tells the story of his company on a milestone day.

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  • Aug
  • 05
  • 2009
  • 5:37 PM

Today's NYSE Closing Trade in Citigroup Was a Record 347 Million Shares+

By: Ray Pellecchia
File Under: NYSE

Yes, that's a single trade -- more than 347 million shares.

I was on the floor for the close, and the final trade went smoothly, with dozens of brokers in the crowd, providing color to customers; imbalances disseminated automatically right up to the close; more than 100 customers on an open phone line with our staff to get operational updates; an ideal blend of high-touch and high-tech elements.

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  • Aug
  • 05
  • 2009
  • 12:26 PM

First of Series of MSCI Indices Coming to NYSE Liffe US in September

By: Ray Pellecchia
File Under: Liffe derivatives

These products represent NYSE Liffe US’s entry into a new asset class beyond the initial gold and silver contracts it opened with in September 2008.

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  • Aug
  • 04
  • 2009
  • 10:38 AM

NYSE Technologies to Offer Preventative for "Fat Finger" Syndrome

By: Ray Pellecchia
File Under: NYSE Technologies

"The motivation behind building out the RMG is to effectively provide an exchange facility service that allows our customers, the sell side firms, to connect to their customers in a way that fulfills anticipated regulatory requirements and agrees with what we think is a safe and orderly way to operate that function in the marketplace," said Murray White, senior vice president of NYSE Technologies.

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  • Aug
  • 03
  • 2009
  • 5:39 PM

News About NYSE Arca Technology, Order Types, MatchPoint, Market Data, NYSE Amex Auctions, Algos for Floor Brokers, Lower Latency and More

By: Ray Pellecchia
File Under: NYSE, NYSE Amex, NYSE Arca, NYSE Technologies

Plus, an interesting historical tibit for today, remembering back to when the market sailed the high seas just before it sunk to the bottom.

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  • Aug
  • 03
  • 2009
  • 3:42 PM

'NYSE Floor Brokers Bullish' on Next-Generation Trading Floor

By: Ray Pellecchia
File Under: NYSE

"Neil Catania, chief executive of MND Partners, is a believer. The trader has been on the floor for 27 years and is looking to expand his 12-person operation to 40 traders over the next year or so. He has considered opening an upstairs desk, but has decided to work with the exchange on the pod project." reports Traders magazine.

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  • Aug
  • 03
  • 2009
  • 3:15 PM

NYSE Euronext's Duncan Niederauer on Trading, Regulation, Clearing and Optimism

By: Ray Pellecchia
File Under: NYSE

Forbes breaks down the conversation into the following chapters:

• NYSE's Optimist
• Rebranding Specialists
• Trading Technology
• Fast Money
• Blocking The Blocks
• Naked Shorts
• Regulatory Reform
• CDS Clearing
• Lending Standards

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