The New York Stock Exchange (NYSE), a subsidiary of NYSE Euronext (NYX), has proposed to the Securities and Exchange Commission (SEC) to introduce a new data product called NYSE Realtime Reference Prices that will allow media and Internet organizations to buy real-time, last-sale market data from the NYSE and provide it broadly and free of charge to the public. The NYSE anticipates that several major information providers will offer the data, and plans to launch the new product on or before July 1, 2008 for a four-month pilot program, pending SEC approval.
“NYSE Realtime Reference Prices will increase the transparency of the world’s leading equities exchange for the benefit of investors and issuers,” said Ronald Jordan, executive vice president, Market Data. “At the same time, our proposal provides for a fair and reasonable economic incentive to the Exchange to produce this data, which we believe is consistent with the approach recently outlined by the SEC.”
In contrast to the administration of traditional data products, providers disseminating NYSE Realtime Reference Prices will not have to count and report the number of users to the Exchange, nor contract with each user. Instead, the providers will be able to purchase the data from the NYSE for a flat monthly fee. The NYSE was the first exchange to propose such an approach when it originally submitted a proposal to that effect in January 2007.
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $ 30.9/ € 19.8 trillion in total global market capitalization (as of April 30, 2008 ), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $161.9 / €106.9 billion (as of April 30, 2008 ), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.