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NYSE Euronext Rolls Out Execution Cost Management Tool for Floor Brokers
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New Service Provides In-Depth Management and Analysis Capability
NEW YORK , Feb. 26 -- NYSE Euronext (NYX) has partnered with William Ryan Group, Inc., to provide New York Stock Exchange floor brokers with a new technology platform that will allow them to effectively manage and analyze their transaction activity.
“Transaction cost analysis and management is an essential element for our firm to effectively manage and operate our floor based business,” said Jonathan Corpina, Managing Partner of Meridian Partners Inc. “With it, we can offer our customers even more customizable execution solutions and opportunities.”
The Execution Cost Management™ Analysis Service, which the William Ryan Group has customized for the NYSE, is available via a password-protected encrypted Web site that is updated every trading day, and includes both NYSE and NYSE Amex execution transaction cost data.
“NYSE is providing this technology to floor-based firms so they can easily access, monitor and analyze this information and use it effectively to benefit the diverse needs of their customers and manage their own business models efficiently,” said Michael Rutigliano, Floor Operations Vice President and Broker Liaison.
The new service includes a variety of highly granular and useful analyses further enhanced by powerful graphics. The service calculates trading fees and rebates for all of a firm’s NYSE and NYSE Amex executions and can also look at costs by algorithmic versus non-algorithmic trade executions, billable versus non-billable executions, and aggregate trading-volume analyses. Data is available for a single date or a user defined range of dates. Taken together, the analyses help floor brokers manage their business costs, track fees for each client, and gain greater insight into the trading activity performed for each customer.
“In today's trading environment, managing trading costs is an important component of managing trade flow” said Robert J. Hendrickson, President and CEO of William Ryan Group. “The benefits to NYSE floor brokers are immediate and tangible. Now, all NYSE floor based firms can readily access their trading cost data so that they can design and implement execution strategies, on behalf of their customers, and measure the results with accurate and timely cost analysis.”
Floor brokers differentiate the NYSE market model by blending sophisticated automation, like uniquely engineered algorithms in their hand-held order-management systems, with human expertise and value-added service to offer a highly managed solution for a very large and diverse community of customers.
About William Ryan Group
The William Ryan Group is a leading provider of trading related analyses services, including Execution Cost Management™ (ECM) solutions, that enable trading firms to improve their trading profits and compliance oversight. WRG’s ECM solutions allow sell-side firms to reduce explicit trading costs, manage trade order flow, and deliver their buy-side clients valuable analyses to assess trading performance. WRG’s out-sourced services dynamically combine data from any trading system with exchange and/or venue provided data, while continuously updating trading fee rate structures from every trading venue. WRG’s precise performance, profitability and compliance analysis can be customized to meet the unique requirements of any trading firm to maximize trading profits, enhance client relationships and address regulatory requirements. For more information, please visit http://www.williamryangroup.com/financial.html
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
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