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The NYSE Group, Inc. (NYSE: NYX) today announced the migration of the final 109 options issues to the NYSE Arca Options platform, completing the system’s phased-in rollout of 1,941 total issues that began on Aug. 7, 2006. With 22 firms participating in a market making capacity, investors benefit from NYSE Arca Options’ superior functionality, speed and transparency coupled with its highly competitive pricing structure, creating one of the world’s most cost-effective options trading venues.
“The introduction of NYSE Arca Options represents a significant step in the fulfillment of the NYSE Group’s goal of becoming a one-stop marketplace for a broad range of products and services,” said John A. Thain, NYSE Group CEO. “This platform delivers on our promise of creating a system that provides distinct value to the options market, demonstrates strategic growth to our shareholders, and furthers our mission of becoming the world’s preeminent multi-asset class marketplace.”
The newly-developed NYSE Arca Options system provides automatic executions for customer and broker dealer orders as well as a low cost venue for both Lead Market Makers and Market Makers to stream quotes from the trading floor or remotely. Blending price-time priority with Lead Market Maker participation, NYSE Arca Options includes expanded and innovative order types, along with greater transparency and reliability.
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 June 30, 2006 , our listed operating companies represent a total global market capitalization of over $ 22.6 trillion. In the second quarter 2006, on an average trading day, almost 1.8 billion shares, valued at over $68.5 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.
