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"We continually look for ways to enhance our offering to benefit our customers,” said Mike Cormack, EVP, NYSE Group, Inc. “Today, approximately 60% of our clients already rely on the SFTI® network because of the resiliency and enhanced availability it provides, so we were pleased to offer this connectivity option to all clients. In addition, we’re excited about the access SFTI® gives us to new customers. As a fully electronic stock exchange, it is critical that the communications network supporting our clients' connectivity is as robust and reliable as possible, while enabling quick and efficient trading."
Previously, only New York Stock Exchange, American Stock Exchange, clearing corporation and market data services hosted at SIAC were available as part of the core offering from SFTI®. Access to other exchanges, market centers (MC), electronic communications networks (ECNs), alternative trading systems (ATSs) and content service providers (CSP) was available only through SFTI B2BSM, sold by SIAC’s subsidiary Sector, Inc.
"We are pleased to offer our SFTI® clients connectivity to NYSE Arca applications," said Marianne Brown, CEO of SIAC. "The NYSE Group and its clients will be able to consolidate their communications on to SFTI®, which possesses a secure and resilient network. We firmly believe that the value proposition SFTI® offers has made it the platform of choice to support order flow and market data traffic for all Exchanges, market centers, electronic communications networks, alternative trading systems and content service providers."
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Market Maker Quoting |
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SFTI®, created in the wake of 9-11, is nationally recognized for its resiliency and redundancy. Based on proven state-of-the-art technology, SFTI® provides clients with a communications platform of unparalleled diversity and reliability that will carry their order flow and other critical data communications through a closed, high bandwidth, optical and highly available network. Firms can choose to access SFTI® via nine Access Centers, located in the Greater New York Metropolitan Area,
In addition to accessing SFTI® core services, clients have the option to add SFTI B2BSM service, available through SIAC’s subsidiary Sector, Inc. SFTI B2BSM enables firms to use their existing SFTI® communications connection to send order traffic and other data to additional Exchanges, Market Centers & Content Service Providers (INET, CBOE, ISE, BOX, and others). SIAC currently supports 750 firms that connect to 16 Exchanges and
NYSE Group, Inc. now supports XML-based RSS feeds; a free web-content syndication format used to deliver real-time headline feeds to subscribers.
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 $22.9 trillion. In the first quarter 2006, on an average trading day, over 1.7 billion shares, valued at over $65 billion, were traded on the NYSE.
NYSE Arca operates 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. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.
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.
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