-Doubling Capacity and Improving Performance by Utilizing the Universal Trading Platform-
NYSE Euronext U.S. Options Exchanges Complete First Phase of Platform Capacity Initiative
NEW YORK, Jan. 11, 2011 – NYSE Euronext today announced that its U.S. options exchanges, NYSE Arca and NYSE Amex options have completed the first phase of a significant technology upgrade program that will double capacity for both exchanges. NYSE Euronext U.S. Options continues to enhance its value proposition to customers by upgrading the core matching engines and functionality for its exchange platforms.
“Technology performance is critical to meeting our stringent regulatory and business performance demands and we’re committed to maintaining a leadership role in every aspect of our exchange operations,” says Amy Farnstrom, co-CEO, NYSE Arca Options. “We’re always monitoring our performance and searching for ways to improve our platforms, services and support. By independently deciding to double our capacity, we believe that we are again providing unique value to our customers and further differentiating NYSE Euronext’s U.S. options exchanges.”
In an ongoing effort to proactively meet expanding industry volumes and quote traffic, the initial phase of the capacity expansion program was completed in the fourth quarter of 2010. The final phases of the program are anticipated to finish in the second quarter of 2011, following the first-quarter 2011 migration of NYSE Euronext’s U.S. options exchanges to its Liquidity Center in Mahwah, NJ. Additionally, NYSE Euronext U.S. options’ migration to the Universal Trading Platform delivers a range of customer benefits, including the ability to quickly launch new trading applications that support distinct market structures and faster time to market for new functionality and performance improvements. It also enables clients to more effectively manage their business by providing common connectivity and market data protocols for NYSE Euronext exchanges.
NYSE Euronext's U.S. options exchanges, NYSE Arca and NYSE Amex options utilize industry leading open-outcry trading facilities with advanced electronic trading platforms. Upon completion of the capacity upgrade, both exchanges will be capable of processing 1 million orders and 8.4 million quotes per second with sub millisecond average acknowledgment (ACK) times, up from 500,000 orders and 4.2 million quotes previously. Together, these options exchanges present a compelling dual market structure offering the choice of price-time priority with maker-taker pricing on NYSE Arca options or pro-rata allocation with customer priority on NYSE Amex options.
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 approximately 8,000 listed issues (excluding European Structured Products), 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.
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 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 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.