CHICAGO, May 2, 2006 - NYSE ArcaSM (formerly known as the Archipelago Exchange, or ArcaEx® ), the nation’s first open, all-electronic stock exchange, today announced that it has implemented a Portfolio Crossing Service (PCS) to allow for the execution and reporting of entire portfolios (baskets) of stock at the conclusion of the late trading session. NYSE Arca clients can trade baskets of a minimum of 15 stocks valued at least $1 million. The PCS was created for clients who facilitate executions of large portfolios based on specific risk parameters. The PCS is open to all NYSE-, NASDAQ-, Amex- and NYSE Arca-listed stocks. The crosses will occur at approximately 8:01 pm Eastern Time for PCS Cross Orders entered before 8:00 pm Eastern Time on NYSE Arca. “The Portfolio Crossing Service is yet another example of NYSE Arca building services around client needs,” said Mike Cormack, Executive Vice President, NYSE Group. “We continue to evolve the NYSE Arca trading platform by providing new trading efficiencies to the marketplace.” For complete information on the NYSE Arca PCS, please visit the NYSE Arca website at: http://www.nysearca.com.
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
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