The New York Stock Exchange (NYSE), part of Intercontinental Exchange
(NYSE:ICE), today announced plans to expand its floor-based trading
operations, offering investors even greater access to trade all U.S.
securities for the first time with NYSE’s unique and proven market model.
NYSE plans to offer trading in all U.S. securities, including
Nasdaq-listed symbols and all listed exchange traded products. This move
represents continued, significant investment by ICE in the NYSE trading
floor operations to bring greater value, transparency and efficiency to
the U.S. equity markets. NYSE Arca Equities already offers trading in
all U.S. securities. NYSE MKT will expand to include trading in all U.S.
securities when it moves to an electronic Price/Time model in the second
quarter of 2017.
NYSE is one of the world’s enduringly active trading floors and is the
only U.S. exchange to offer Parity
allocation. The NYSE allocation model deemphasizes speed so that
multiple participating investors have equal access to trade at the same
price, regardless of when an order arrived. With the expansion, NYSE’s
trading floor members will be able to offer their clients the benefit of
parity in securities listed on other U.S. equity exchanges.
Today, the NYSE Group consistently trades more volume than any other
U.S. exchange. By year-end 2017, all NYSE markets will trade the full
universe of 8,600 U.S. listed securities, including exchange traded
products, when NYSE migrates to NYSE Pillar.
“We have a long-standing commitment to providing our issuers and member
firms with choice. Our plan to provide even greater access to trade U.S.
securities is a positive move toward bolstering fair and transparent
liquidity and offering even greater choice,” said Stacey Cunningham,
“We are committed to our proven market model that combines hi-tech
trading capabilities with human judgment at the point of sale on our
iconic NYSE trading floor. We believe our model consistently delivers
the best trading outcomes and lowest volatility for listed companies and
investors, and NYSE listed companies will still receive the exclusive
benefit of a NYSE Designated
NYSE’s announcement follows a series of strategic investments, including
the development of NYSE Pillar, the state-of-the-art trading system, and
extensive renovations to its 11 Wall Street trading floor and offices,
including the Bell podium, and enhancements to its event and
conferencing space designed to host world-class events for NYSE-listed
About NYSE Group
NYSE Group is a subsidiary of
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses, and a provider of data and listings
services. NYSE Group includes exchanges, market data and connectivity
services. The equity exchanges — the New York Stock Exchange, NYSE MKT
and NYSE Arca — trade more U.S. equity volume than any other exchange
group. NYSE is the premier global venue for capital raising, leading
worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE
Amex Options are leading equity options exchanges. To learn more, visit www.nyse.com/index.
About Intercontinental Exchange
(NYSE:ICE) operates the leading network of global futures, equity and
equity options exchanges, as well as global clearing and data services
across financial and commodity markets. The New York Stock Exchange is
the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 — Statements in this press release regarding ICE’s business
that are not historical facts are “forward-looking statements” that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE’s Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE’s Annual Report on Form 10-K for the year ended
December 31, 2015, as filed with the SEC on February 4, 2016.
SOURCE: Intercontinental Exchange