News Releases

 
NYSE Completes Hybrid MarketSM Phase I
Adding 2,703 NYSE-Listed Issues in Two Days

New York, April 5, 2006 – The New York Stock Exchange today announced the completion of the first phase of the NYSE Hybrid MarketSM implementation program with the addition of 2,703 NYSE-listed issues in the past two days.  The close of Phase I marks a significant step in the Hybrid Market’s implementation program and the ongoing integration of new features and functionality. 

By providing greater customer choice in order-execution services, the NYSE Hybrid Market expands customers’ ability to trade instantaneously with certainty and anonymity without sacrificing the price improvement and market quality of the floor-based NYSE auction market. 

Phase I, which began on Dec. 15, 2005, successfully introduced features such as e-Quotes, c-Quotes, s-Quotes, g-Quotes, reserves and layering of quotes among other functionality.  Phase II implementation will begin shortly.  By the conclusion of Phase II, specialists will have the ability to systemically narrow spreads and electronically provide price improvement for the first time.  These and other enhancements will provide the trading floor community with the tools necessary to improve market quality electronically and at the point of sale.  Additional Phase II details are forthcoming. 

For current and historical Hybrid Market information please visit:http://www.nyse.com/hybrid and the NYSE’s first blog: http://hybridtalk.nyse.com

 

About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange).   NYSE Group is a leading provider of securities listing, trading and market data products and services. 

The NYSE is the world’s largest and most liquid cash equities exchange.  The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities.  Our listed operating companies represent a total global market capitalization of over $22.5 trillion.  In January and February 2006, on an average trading day, over 1.8 billion shares, valued at over $69 billion, were traded on the NYSE. 

NYSE Arca is the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange-listed securities.  NYSE Arca is also an exchange for trading equity options.  NYSE Arca’s trading platform links traders to multiple U.S. market centers and provide customers with fast electronic execution and open, direct and anonymous market access.

NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws.  NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.

For more information on NYSE Group, go to: www.nyse.com

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are based on NYSE Group’s current expectations and involve risks and uncertainties that could cause NYSE Group’s actual results to differ materially from those set forth in the statements.  There can be no assurance that such expectations will prove to be correct.  Actual results may differ materially from those expressed or implied in the forward-looking statements.  Factors that could cause NYSE Group’s results to differ materially from current expectations include, but are not limited to:  NYSE Group’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 Group’s Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission.  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 Group that the projections will prove to be correct. We undertake no obligation to release any revisions to any forward-looking statements.



Contact: Eric Ryan
Phone: 212.656.2411
Email:  eryan@nyse.com