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NYSE Group, Inc. (NYSE: NYX) announced today that NYSE Arca Options, a new platform for trading options from the NYSE Group, reached an all time high trading 531,442 electronic contracts on Fri., Feb. 9. Friday’s volume surpassed the previous Jan. 19, 2007 record of 467,477 and also marked a 45% increase over January’s average daily electronic volume which was 380,142.
“In only four months since the completed rollout on Oct. 10, 2006 we have experienced a dramatic increase in our electronic trading business”, said NYSE Arca Vice President of Derivative Products, Jon Werts. “Customers are attracted to the speed, reliability and functionality that our new system offers. We are continuing to add new market makers and order flow providers to our platform providing investors with access to a truly robust options trading platform.”
NYSE Arca’s electronic market share in the penny pilot issues has increased over 85%, since the introduction of the SEC penny pilot program on Jan. 26. The new NYSE Arca model is designed to reward participants that improve market quality and provide liquidity while offering increased efficiency and economic benefits to the growing options industry.
About NYSE Group, Inc
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $25.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
