New York , June 4, 2009 – NYSE Euronext (NYX) today announced that Barclays Capital has expanded its presence on NYSE Arca options by becoming a Lead Market Maker (LMM ). Barclays Capital operates market making business on both NYSE Arca and NYSE Amex options, where it is also a specialist, as well as their equities-based Designated Market Maker (DMM ) business on the NYSE.
Barclays Capital Joins NYSE Arca Options as a Lead Market Maker
“We are proud to add Barclays Capital to the core strength of the NYSE Arca options marketplace, the Lead Market Maker community,” said Ed Boyle, Senior Vice President , U.S. Options, NYSE Euronext. “Our commitment to providing exceptional market quality coupled with industry-leading speed and reliability is further strengthened by Barclays Capital’s presence on NYSE Arca options. We look forward to working with them to continue to offer our customers an exceptional options trading experience.”
Lead Market Makers are a key piece of the NYSE Arca options marketplace providing superior market quality and ensuring fair and orderly options markets. LMMs must provide continuous two-sided quotations throughout the trading day in its appointed issues for 90% of the time the Exchange is open for trading in each issue.
NYSE Arca Options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues. This advanced options trading platform provides automatic executions for customer and broker dealer orders in addition to being a low-cost venue for both Lead Market Makers and Market Makers to stream quotes from the trading floor or remotely. NYSE Euronext’s two distinct U.S. options exchanges present a compelling dual market structure offering customers 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.
For more information on NYSE Euronext’s U.S. Options exchanges, please visit:http://www.nyse.com/options
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arco, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. 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
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