Designed to further enhance the transparency of the NYSE market, NYSE OpenBook offers market participants a comprehensive view of the aggregate limit-order volume at every bid and offer price outside the displayed NYSE quote. The NYSE expects implementation of the service with market data vendors and users in late January.
"NYSE OpenBook responds to the demand of broker-dealers and institutional investors for depth-of-market data," said NYSE group executive vice president Robert Britz. "The demand stems in part from the six-fold increase in the number of price points brought about by decimalization."
NYSE OpenBook joins a series of other Network NYSESM initiatives, including NYSE Direct+SM, Institutional XpressSM, NYSE e-BrokerTM and NYSE CAP. More information on NYSE OpenBook's technical details can be found at www.nysedata.com/openbook.
