Last month, the NYSE successfully migrated the NYSE Equities platform to NYSE Pillar technology. Thanks to a substantial effort from the entire NYSE trading community, the migration went off without a hitch and Pillar, a fully integrated, high throughput, low latency, deterministic, and highly redundant trading system, is now the backbone of one of the most important financial institutions in the world.
Pillar's anticipated benefits are already being realized. In particular, the new "Native Gateway" order entry protocols offer dramatic improvements for members and their clients:
Pillar offers clients significant performance improvements at no additional cost.
To take advantage of Pillar's performance, visit www.nyse.com/pillar for specifications, differences documentation, and assistance in testing and registration. If you do not connect directly to the NYSE, contact your broker to ensure they are utilizing the Pillar Native Gateway technology.
If you would like to learn more about Pillar, listen to our podcast Inside the ICE House, where the technologists that designed Pillar discuss the history of the system and the effort involved in the migration.
October 14
Options Market Bracing for Turbulence »
U.S. options market volumes remained strong in Q3 2021 with an average of 35.5M contracts traded per day in the midst of several negative market catalysts: inflation fears, Fed taper plans and a rising 10-year Treasury yield, the Delta variant, Evergrande debt woes, US Federal debt limit brinksmanship, and uncertainty around an infrastructure bill.
Following the record-setting 40.1 million average daily volume (ADV) in the 1st quarter of this year, Q2 2021 options volume was the 2nd highest of all-time with 37.6 million contracts traded per day. Robust volume was driven in part by market anticipation of a potential earlier rise in interest rates and Fed tapering, as well as increased volume in options on new issues and continued activity in retail-focused stocks.
September 23
Financial Markets Focus on Climate »
As governments, corporations, and individuals focus more on human impact to the environment, international financial markets have responded with innovative products to help manage climate risk and invest in mitigating technologies.