NYSE: Pillar

Our 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 American migrated to Pillar Technology	July 24, 2017
NYSE Arca migrated to Pillar Technology	August 21, 2017
NYSE introduces B and C Securities on Pillar Technology	April 25, 2018
NYSE National migrated to Pillar Technology	May 21, 2018
NYSE Tape A - Testing and Migration	TBA
NYSE migration to Pillar gateways	TBA

Gateway Latency (9:30 a.m. - 4:00 p.m.)

3Q 2018

Exchange	Protocol	p01	p50	p90	p99
NYSE American*	Binary	727	732	738	747
NYSE American*	FIX	743	751	771	795
NYSE Arca	Binary	25	32	40	93
NYSE Arca	FIX	38	47	53	71
NYSE National	Binary	23	26	31	38
NYSE National	FIX	35	39	45	75
* 700µ consists of speed bump applied to each roundtrip from gateway through matching engine. Excludes NYSE edge network (additional ~10µ)