NYSE Arca Achieves Sub-Millisecond Speed for Order Execution
05 Gennaio 2010 - 5:17PM
Business Wire
NYSE Arca, NYSE Euronext’s all-electronic U.S. equities exchange
and already one of the fastest equities markets, is further
speeding up its order execution time with the implementation of the
company’s Universal Trading Platform. NYSE Arca customers are
experiencing roundtrip executions of 650 microseconds for
Nasdaq-listed issues, and 950 microseconds for NYSE- and NYSE
Arca-listed issues, which generally have deeper books and more
orders.
“NYSE Arca has long been a standard-setter for speed,
functionality and capacity of trading systems, and now our
customers are seeing an even higher level of performance with the
introduction of the Universal Trading Platform,” said Paul Adcock,
Executive Vice President, NYSE Arca Trading Operations.
The Universal Trading Platform consists of four main components
based on proven, best-of-breed technologies and systems from across
the NYSE Euronext enterprise:
- A rich-function,
ultra-high-resiliency trading engine that can be configured for
cash or derivatives markets;
- The Common Customer Gateway,
which provides clients with multi-format order entry and access to
multiple trading platforms;
- Market data distribution that
disseminates information and super-low-latency speeds and allows
for the efficient and flexible creation of new data products;
and
- SFTI® (Secure Financial
Transaction Infrastructure, known as “Safety”), the
high-performance backbone that enables clients to have access to
all NYSE Euronext services through a single, highly reliable, fast
and resilient network.
“These components work in concert to provide customers with new
levels of speed, cost efficiency, reliability and functionality,”
said Anthony Attia, Senior Vice President and Head of the Universal
Trading Platform Program.
The rollout of the new platform on NYSE Arca’s cash market began
in early November and will continue through mid-January 2010. NYSE
Euronext’s European bonds migrated to the Universal Trading
Platform in December 2008; European cash markets in February 2009
followed by the launch of NYSE Arca Europe in March 2009. Migration
of SmartPool, the company’s European multi-lateral trading facility
for block orders took place on Nov. 23, 2009. Migration to the
platform is underway or scheduled for the coming weeks and months
for the European warrants market; the NYSE Arca and NYSE Amex
options markets; the New York Stock Exchange and NYSE Amex cash
markets; and NYSE Liffe European derivatives.
“The results of the Universal Trading Platform rollout
demonstrate the success of the platform in our markets, as well as
the opportunity to provide this solution set to other markets and
financial service firms around the world as a commercial offering,”
said Stanley Young, Co-CIO of NYSE Euronext and CEO of NYSE
Technologies.
*A microsecond is one millionth of a second.
About NYSE Arca and NYSE Euronext
NYSE Arca is an all-electronic trading platform that provides
fast execution with open, direct and anonymous market access. NYSE
Arca’s distinct market structure delivers the benefits of both
displayed and undisplayed liquidity, as well as tremendous
efficiency.
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 8,000 listed issues, NYSE Euronext's equities markets –
the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE
Alternext and NYSE Arca – represent nearly 40 percent of the
world's equities trading, 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. 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 2008 (“document de référence”) filed with
the French Autorité des Marchés Financiers (Registered on April 28,
2009 under No. R. 09-031), 2008 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.
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