NYSE PILLAR®

OUR NEW INTEGRATED TRADING TECHNOLOGY PLATFORM

In May 2016, NYSE Group completed the rollout of NYSE Pillar matching engines on NYSE Arca. NYSE Pillar is our new integrated trading technology platform that will enable you to connect to all of our equities and options markets using a single specification. NYSE Pillar was designed to reduce complexity, while enhancing consistency, performance and resiliency. On July 24, 2017, NYSE American successfully launched a new market model on the NYSE Pillar platform. On August 21, 2017, NYSE Arca introduced new NYSE Pillar gateways, marking the harmonization of NYSE American and NYSE Arca technology platforms.

Benefits

Once completely rolled out, the NYSE Pillar platform will enable you to connect to each of our markets – NYSE, NYSE American, NYSE Arca, NYSE Arca Options, NYSE American Options, Global OTC and NYSE Bonds – using a single specification and will include new gateways and matching engines. This new technology offers:

  • More efficient processing
  • Shorter time to market for ongoing enhancements
  • Simplified, harmonized order types, terminology, and messaging across all of our markets

Timeline

NYSE Arca migrated to Pillar Technology Complete
NYSE American migrated to Pillar Technology Complete
NYSE Tapes B and C - Certification Testing Begins Complete
NYSE Tapes B and C - Weekend Test Complete
NYSE Tapes B and C - Shadow Testing Begins Complete
NYSE Tapes B and C - Weekend Test Complete
NYSE Tapes B and C - Weekend Test Complete
NYSE Tapes B and C - Weekend Test Complete
NYSE Tapes B and C - Weekend Test Complete
NYSE National - Certification Testing Begins March 12, 2018
NYSE National - Weekend Test March 17, 2018
NYSE National - Shadow Testing Begins March 19, 2018
NYSE National - Weekend Test April 7, 2018
NYSE National - Weekend Test April 14, 2018
NYSE National - Weekend Test April 28, 2018
NYSE National - Trading Begins April 30, 2018
NYSE Tapes B and C begin trading on Pillar Matching Engines TBA

Gateway Latency (9:35 a.m. - 3:55 p.m.)

December 2017

Exchange Protocol p01 p50 p90 p99
NYSE American* Binary 728 734 742 752
NYSE American* FIX 740 755 778 804
NYSE Arca Binary 27 34 47 219
NYSE Arca FIX 45 54 87 124
* 700µ consist of speed bump applied to each roundtrip from gateway through matching engine. Excludes NYSE edge network (additional ~ 10µ)

For More Information

For more details and dates refer to the Trader Updates posted below.


Contact and Support

Trader Updates

Rule Filings

NYSE Arca

Pillar 1

Rules 7.34P. 7.36P, 7.37P
(Trading Sessions, Order Display and Ranking, Order Execution and Routing)

Rule Filing

Approval Order

Pillar 2

Rules 7.31P and 7.44P
(Orders and Modifiers, RLP program)

Rule Filing

Amendment 1

Amendment 2

Approval Order

Pillar 3

Rules 7.11P, 7.16P, 7.18P, 7.38P
(LULD, SSR, halts, and Odd Lots)

Rule Filing

Amendment 1

Approval Order

NYSE American