-Giving Investors the Ability to Trade Options and Equities Simultaneously in One Order-
NYSE Arca Options Begins Pilot for Complex Order Book
NEW YORK, September 9, 2008 – NYSE Arca, Inc., a subsidiary of NYSE Euronext (NYX), today announced the launch of the pilot phase of the Complex Order Book. The pilot, which began September 8, will trade only QQQQ while NYSE Arca gathers performance information and customer feedback. Through the Complex Order Book, NYSE Arca Options customers will have the opportunity to trade multiple option and equity issues in one innovative order type.
"We are truly excited to offer our valued customers our ground-breaking Complex Order Book, the first-ever product to provide immediate, simultaneous executions in both equity and option issues," said Ed Boyle, Senior Vice President, NYSE Arca Options. "This order type was designed to leverage our unique position of operating several exchanges with complementary market structures and diverse characteristics to create a unique, value-added trading experience for our customers."
NYSE Arca Options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues. The advanced options trading 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 exceptional performance.
For more information on the Complex Order Book please visit: http://www.nyse.com/pdfs/Complex_Options_Order_Book_Fees.pdf
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, approximately four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of June 30, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.
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’s reference document for 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K 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.