NYSE Press Briefing On The NYSE Hybrid Market

NYSE CEO John A. Thain briefs the media regarding the proposed expansion of NYSE Direct+.

The proposed expansion of NYSE Direct+ includes the elimination of limits on the size, timing and types of orders that can currently be submitted by customers on this electronic order execution platform. The NYSE will expand NYSE Direct+ while retaining the advantages of the agency auction model, which has proven to provide the most efficient, lowest cost executions and the best ability to copy with market stress. This creates a true hybrid market that underscores the NYSE’s commitment to remain the most competitive global equities marketplace by providing greater choice to investors, while continuing our long tradition of setting the industry standard for market quality, best execution and best price.

John Thain's opening remarks on the SEC filing for approval of Direct+ are available here.

For more information on the NYSE Hybrid Market and the expansion of Direct+, click here.