-Second, Complementary U.S. Options Exchange with Cutting-Edge Technology-
NYSE Amex Options Unveils New Trading Floor
-More Than 350 Brokers, Market Makers and Support Staff Coming to 11 Wall St.-
New York, March 2, 2009 – NYSE Euronext today announced that NYSE Amex options, one of the company’s two U.S. options exchanges, has completed its transition to the new, state-of-the-art trading floor located at 11 Wall St., New York . This new facility is adjacent to the New York Stock Exchange equities trading floor and is comprised of two adjoining rooms with new trading pits. The NYSE Amex options trading community and customers will benefit from the enhanced speed, order executions and capacity improvements of the NYSE Arca technology.
“On behalf of the former Amex trading community, we welcome the opportunity to join the NYSE Euronext exchange family,” said James Hyde, Vice President, NYSE Amex options. “As we begin this exciting new chapter in our history, NYSE Amex options customers will benefit from our best-in-class technology coupled with our proven open outcry marketplace, which offers better pricing and improved order executions.”
“Opening the new NYSE Amex options trading floor is a significant achievement for us and a milestone in the integration of our second U.S. options trading facility,” said Ed Boyle, Senior Vice President, NYSE Euronext U.S. options. “Adding the expertise and customer-focused approach of the NYSE Amex options traders and staff gives NYSE Euronext a new, complementary self-regulatory organization as well as the unique ability to leverage our multi-asset exchange model to another important customer segment.”
Customers Benefit from Choice of Market Models
NYSE Euronext's dual U.S. options exchanges, NYSE Arca options and NYSE Amex options, combine to make the third-largest U.S. equity options marketplace by number of contracts traded. The two U.S. options exchanges enables NYSE Euronext to operate a compelling dual market structure that provides all customers with the choice of price-time priority on NYSE Arca options or the traditional market-maker model and expanded array of services of NYSE Amex options, offering customers superior choice and flexibility.
NYSE Amex options provides customers with a separate, customer-driven marketplace that offers exceptional technology combined with a proven open-outcry trading environment. It offers NYSE Euronext customers another valuable platform to trade U.S. options with reliability, transparency and enhanced efficiency.
For more info and a video tour of the new trading floor, please see the link below:
Please click on the links below to download a high resolution image of today's opening of the NYSE Amex Options trading floor for publication.
Photo 1 (3.52 MB)
Photo 2 (3.85 MB)
Photo 3 (3.55 MB)
Photo 4 (3.81 MB)
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext operates exchanges in the U.S. and Europe including the New York Stock Exchange, NYSE Liffe, Euronext, NYSE Arca, NYSE Amex, and NYSE Liffe US . With over 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than 40% of the world's cash equities volume, the most of any global exchange group. NYSE Euronext also offers comprehensive global commercial technology, connectivity and market data business solutions through its NYSE Technologies unit. 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.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
- 01 Oct 08 - NYSE Euronext Completes Acquisition of American Stock Exchange
- 01 Dec 08 - NYSE Euronext Completes Transition of American Stock Exchange Equities and ETPs
- In 2008, NYSE Euronext U.S. options platforms were the third largest exchange group by number of shares traded.
- Trade matching in 2 milliseconds
- NYSE Euronext’s U.S. Options dual market structure provides all customers the choice of price-time priority on NYSE Arca Options’ post/take model and the traditional model with NYSE Amex Options’ market-maker/open-outcry.
- Capable of processing 100,000 orders per second
- Capable of processing 1 million quotes per second
- Capable of processing 20,000 trades per second
- Availability requirements: 99.99% available on a monthly basis