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NYSE Group, Inc. (NYSE: NYX) today announced at the Security Traders Association (STA) Conference that it has entered into discussions with NASD to create a trade reporting facility serving NYSE Group customers reporting off-exchange trades in all listed NMS stocks.
“The NYSE Group is dedicated to offering our customers the most diverse array of products and services,” said Jerry Putnam, NYSE Group President and co-COO. “For customers seeking a reliable and competitively priced venue to report internally executed transactions, our trade reporting facility will be a low-cost, high-value option.”
To be launched in early 2007, NYSE Group’s planned trade reporting facility will conform to the U.S. Securities and Exchange Commission’s (SEC) recent approval of NASD’s new trade reporting arrangement.
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. 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 Sept. 30, 2006, our listed operating companies represent a total global market capitalization of over $ 22.6 trillion. In the third quarter 2006, on an average trading day, almost 1.6 billion shares, valued at over $57.3 billion, were traded on the NYSE.
NYSE Arca operates the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca’s trading platform provides 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. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.
