-29 Market Making Firms Increasing Volume, Market Quality and Liquidity-
NYSE Arca Options Adds Four New Market Makers
NEW YORK, May 10, 2007 – NYSE Euronext (NYSE Euronext: NYX) subsidiary, NYSE Arca Options today announced that it is adding four new Market Makers (MMs) to its options trading platform for a total of 29 market making firms. Since the launch of NYSE Arca Options last year, 10 new market making firms have been added to the platform.
The NYSE Arca Options trading model combines electronic order executions and price-time priority order matching with registered Market Makers to create the industry’s most innovative and efficient options trading venue. Lehman Brothers, PFTC, Walleye Trading and Optiver US LLC have recently begun making markets on the platform or will do so in the next few weeks.
“We are very excited to add these new firms to our growing list of Market Makers. Their experience providing aggressive markets will further enhance the depth and liquidity offered on our platform,” said NYSE Arca Vice President of Derivative Products, Jon Werts. “Our options exchange has grown substantially since its launch late last year. Attracted to our superior technology, unique market structure and our low costs, these firms are finding new opportunities on NYSE Arca.”
“We are pleased to join NYSE Arca Options,” said Bastiaan Van Kempen from Optiver US LLC. “Their new platform has already proven itself as a strong competitor with excellent prospects and we want to be involved as it matures and develops into a destination of choice in the growing options market.”
Designed for speed and maximum capacity, NYSE Arca Options offers customers unique order types and the choice between an all electronic or a floor based execution in over 2,000 options issues. As a participant in the SEC’s penny pilot program, NYSE Arca Options introduced a unique pricing structure designed to reward those participants who provide liquidity and aggressive markets.
For more information on NYSE Arca Options, please visit: http://www.nyse.com/options
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’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 Euronext Registration Statement (document de base) filed with the French Autorité des Marchés Financiers (Registered on November 30, 2006 under No. 06-0184), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. 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 Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.