New York, April 5, 2010 - NYSE Euronext’s U.S. options exchanges, NYSE Arca and NYSE Amex options, announced new rate changes for each market center that became effective April 1, 2010. NYSE Arca options is introducing higher posting credits in premium tier products, tiered customer rebates in non-premium penny pilot issues and a reduction in the LMM rights fees. NYSE Amex options is introducing a reduced electronic broker dealer rate, a reduced electronic firm rate, tiered pricing for firm proprietary manual trades and the implementation of the Professional Customer designation.
NYSE Euronextís U.S. Options Exchanges Announce New Pricing and Fee
“We are always focused on building our business by providing our valued customers with greater efficiencies and enhanced incentives to trade on our options exchanges,” said Edward Boyle, Executive Vice President, NYSE Euronext U.S. Options. “These pricing adjustments, combined with our other competitive advantages, are designed to retain and attract additional order flow. NYSE Arca and NYSE Amex options are committed to maintaining our leadership position in U.S. equity options trading and these important pricing changes are one key piece of our evolving value proposition to customers.”
NYSE Euronext’s two distinct U.S. options exchanges present a compelling dual market structure that offers 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. As the first U.S. options exchange to introduce the post/take market model, NYSE Arca options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues. NYSE Amex options provides customers with a separate, value-driven marketplace offering exceptional technology in a proven open-outcry trading environment.
NYSE Euronext's U.S. options exchanges incorporate state-of-the-art open outcry trading facilities with an advanced electronic trading platform capable of processing 400,000 orders and 3,500,000 quotes per second with 2 millisecond acknowledgment (ACK) times.
For a complete explanation of the new NYSE Arca options rates and fees, click here: http://www.nyse.com/futuresoptions/nysearcaoptions/1159439190411.html
For a complete explanation of the new NYSE Amex options rates and fees, click here: http://www.nyse.com/futuresoptions/nyseamex/1228420271739.html
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 3,700 listed operating companies, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
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