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NYSE Euronext (NYSE Euronext: NYX) today announced that NYSE Arca launched a routing and price improvement service that is the first of its kind from an exchange: offering clients access to non-displayed liquidity. Through the addition of routing to participating broker-dealers and Alternative Trading Systems (ATSs), investors now have unprecedented access to non-displayed quotes and the industry’s largest aggregation of liquidity by an exchange.
Trading interest from these venues will be included in the NYSE Arca routing algorithm, providing customers with a variety of benefits, including:
- Increased potential for filling orders;
- Potential for price improvement;
- Extraordinary access to liquidity with 29 confirmed participants, comprising the largest collection of non-displayed liquidity pools available in the market;
- Access to 3 1/2 times the number of routing destinations offered by the nearest competitor.
“Providing easy and efficient access to these diverse, non-displayed liquidity venues is an extension of our commitment to offer the greatest array of services to our clients,” said Lawrence Leibowitz, Group Executive Vice President and Head of U.S. Markets and Global Technology, NYSE Euronext. “By linking more market participants than any other exchange, we are reducing fragmentation and offering our clients greater speed, better prices and equality of access to liquidity.”
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $30.5 trillion/€20.9 trillion in total global market capitalization (as of Dec. 31, 2007 ), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $141 billion/€103 billion (as of Dec. 31, 2007 ), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
