The New York Stock Exchange operates seven liquid markets, providing investors with access to stocks, bonds, exchange-traded funds (ETFs), options. This includes four distinct equities exchanges, each purpose-built to meet the needs of corporate and ETF issuers, and offer greater choice to investors in how they trade.
With almost 3 times more liquidity than the next largest exchange, the most displayed shares at the NBBO, and the narrowest quoted bid / ask spreads, NYSE is the global leader in market quality. As the world’s markets evolve, NYSE responds with leading technology, innovative partnerships and trading techniques.NYSE American
Designed to support younger, high-growth companies, NYSE American is the world’s leading market for small-cap companies. The market benefits from designated market makers, who provide market liquidity, and a fully integrated trading platform that supports efficient order matching.NYSE Arca Equities
The first all-electronic exchange in the U.S., NYSE Arca currently trades more than 8,000 exchange-listed securities and is ranked #1 in the listing and trading of exchange-traded products (ETPs). The market offers fully automated, transparent open and closing auctions in ETPs and significant price improvement opportunities at the midpoint in all securities.NYSE National
NYSE National is a fully electronic market that combines the high performance of NYSE Pillar technology with a “taker/maker” fee schedule. With the highest exchange rebates available for removing liquidity, NYSE National is an attractive trading venue for investors using fee-sensitive strategies to take liquidity or for passive traders seeking to minimize their time-to-fill.NYSE Chicago
An integral part of the National Market System, NYSE Chicago is an ideal venue for hedge funds, options market makers, quantitative traders, professional traders, and active individual traders that require immediate and automated execution, in addition to serving the needs of traditional broker-dealer clients and the individual investors they represent.
The NYSE American market blends customer priority and size pro-rata allocation with the benefit of an open outcry trading floor in New York to offer traders deep liquidity across listed option contracts. The market also offers CUBE, an electronic price improvement auction system for paired orders of any size. NYSE American is part of a dual market structure that combines access to American and Arca options through a single integrated technology platform.NYSE Arca Options
Using a hybrid trading platform that combines a state-of-the-art electronic system with an open-outcry trading floor in San Francisco, the NYSE Arca Options market offers an anonymous, flat, open market structure. Traders benefit from a range of sophisticated risk management tools and the market’s time priority model, which encourages market makers to provide investors with the best possible price. NYSE Arca is part of a dual market structure that combines access to Arca and American Options through a single integrated technology platform.NYSE Bonds
Orders in the NYSE Bonds market are executed on a strict price / time priority. All participants have access to a fair, open environment that displays live, executable, transparent prices and allows traders to adjust and execute orders as they see fit.