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NYSE Euronext (NYSE Euronext: NYX) subsidiary, NYSE Arca Options today announced that it is adding four new Market Makers (MMs) to its options trading platform for a total of 29 market making firms. Since the launch of NYSE Arca Options last year, 10 new market making firms have been added to the platform.
The NYSE Arca Options trading model combines electronic order executions and price-time priority order matching with registered Market Makers to create the industry’s most innovative and efficient options trading venue. Lehman Brothers, PFTC, Walleye Trading and Optiver US LLC have recently begun making markets on the platform or will do so in the next few weeks.
“We are very excited to add these new firms to our growing list of Market Makers. Their experience providing aggressive markets will further enhance the depth and liquidity offered on our platform,” said NYSE Arca Vice President of Derivative Products, Jon Werts. “Our options exchange has grown substantially since its launch late last year. Attracted to our superior technology, unique market structure and our low costs, these firms are finding new opportunities on NYSE Arca.”
“We are pleased to join NYSE Arca Options,” said Bastiaan Van Kempen from Optiver US LLC. “Their new platform has already proven itself as a strong competitor with excellent prospects and we want to be involved as it matures and develops into a destination of choice in the growing options market.”
Designed for speed and maximum capacity, NYSE Arca Options offers customers unique order types and the choice between an all electronic or a floor based execution in over 2,000 options issues. As a participant in the SEC’s penny pilot program, NYSE Arca Options introduced a unique pricing structure designed to reward those participants who provide liquidity and aggressive markets.
For more information on NYSE Arca Options, please visit: http://www.nyse.com/options
