-New Options Platform Provides Unique Opportunities for Investors and Liquidity Providers-
NYSE Arca Options Approves Three New Lead Market Making Firms
CHICAGO, October 23, 2006 – NYSE Arca today announced the addition of three new options Lead Marketing Making (LMMs) firms to the NYSE Arca Options platform. Credit Suisse Securities (USA) LLC, SLK-Hull Derivatives LLC and UBS Securities LLC have all been approved as Lead Market Makers on NYSE Arca’s new options trading platform.
"We are extremely pleased to have these firms joining our exchange as Lead Market Makers," said Jon Werts, Vice President, NYSE Group. "Investors will benefit from their expertise in market making, and the added liquidity and execution quality they bring to NYSE Arca Options."
SLK-Hull Derivatives began LMM operations on October 10, while Credit Suisse Securities is expected to begin in early November and UBS Securities LLC plans to start by year end. With the addition of these new LMMs, NYSE Arca Options will have 11 Lead Market Makers and a total of 25 market making firms on the system.
NYSE Arca Options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues. The newly-developed system provides automatic executions for customer and broker dealer orders as well as a low cost venue for both Lead Market Makers and Market Makers to stream quotes from the trading floor or remotely. Blending speed and price-time priority with Lead Market Maker participation, NYSE Arca Options offers expanded and innovative order types, along with greater transparency, reliability and performance.
For more information please visit: http://www.nyse.com/options
Information on NYSE Arca Market Makers:
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. On Sept. 30, 2006, our listed operating companies represent a total global market capitalization of over $ 22.6 trillion. In the third quarter 2006, on an average trading day, almost 1.6 billion shares, valued at over $57.3 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 provides customers with fast electronic execution and open, direct and anonymous market access.
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