At the New York Stock Exchange we strive to preserve integrity, drive innovation and promote greater understanding of our markets.
NYSE Closing Auction: Order Type Usage
January 1 - June 8, 2021
Investors have now had nearly 24 hours to digest yesterday’s Fed decision. The initial take from the statement was hawkish as projections acknowledged the rise in inflation and the DOTS signaled that Fed officials now expect rates to start moving higher earlier/faster than previously projected. During the press conference Chairman Powell went out of his way to downplay the DOT dynamic (as he has in the past) saying this should be taken with a “big grain of salt”. He highlighted that substantial progress has not yet been made to remove asset purchases, but that the Fed has started talking about talking about tapering. As expected much of the press conference was spent discussing temporary dynamics that are affecting inflation and the labor market. Chairman Powell did acknowledge that the Fed’s “transitory” view could ultimately be wrong and that the central bank would pivot as necessary. At the end of the day, my takeaway is that this was a recalibration of Fed messaging to the current environment and not a major shift in tone. The meeting should not materially shift market expectations for monetary policy, which will be slightly less accommodative going forward because the economy is improving (not a bad thing). The meeting should give the market some confidence that the Fed is not asleep at the wheel and removes some of the risk of a major policy mistake (full recap below). There have been some big cross-asset moves over the last 1.5 sessions which we’ll discuss. For the theme that is consistent across most of those moves I’d refer back to last Thursday’s quote from none other than Clubber Lang when asked for his prediction, “Pain”.
It’s shortly after midnight and the New York Stock Exchange is waking up. This is the modern-day NYSE, powered by technology remarkable in its scale and capabilities.
We believe in the value of educating, informing and providing insights to all market participants. Whether you’re an institutional user of our technology, an experienced trader or a retail investor starting out, the New York Stock Exchange provides expertise to connect you to opportunity.
How are market participants accessing liquidity in NYSE’s auctions? NYSE Head of Research Kevin Tyrrell presents key liquidity, order type, and price discovery trends seen recently in the Opening and Closing Auctions.
The World Federation of Exchanges has released a new paper detailing how market stakeholders benefit from equity market transaction data.
Despite inflation jitters, the reopening trade appears to be gathering pace. But has the rebound in pandemic posterchild sectors nearly run its course, or are there more gains to be had? ICE’s President of Fixed Income and Data Services Lynn Martin examines the issues
By Robert P. Bartlett, University of California, Berkeley - School of Law
Traditional odd lot trades (i.e., trades involving fewer than 100 shares) now comprise over half of all equity trades on U.S. exchanges. Under Regulation National Market System, however, these trades are excluded from a market center’s trade execution statistics. This Article, written for a symposium on the Future of Securities Regulation at Columbia Law School, examines whether these regulatory exclusions for odd lot trades and quotes increase trade execution costs for retail trades filled in non-exchange venues.
The surge in market volatility and trading volumes since the onset of the pandemic in March 2020 has impacted numerous aspects of equity market trading. One less-studied area has been after-hours trading. After-hours has also seen changes in order flow trends and influences, and here we examine trends and shifts occurring in these sessions..
Investopedia defines blockchain as a type of database; however, the key difference between a typical database and a blockchain is the way the data is structured. A blockchain collects information together in groups, also known as blocks, that hold sets of information. To learn more, watch our NYSE Briefs series on blockchain.
NYSE Research explores market trends, analyzes exchange products and trading situations, and offers data-driven perspectives on key policy matters.
During the pandemic, the New York Stock Exchange took extraordinary steps to keep its markets open and operating smoothly. At the same time, it was quietly making major upgrades away from the trading floor. Read on to learn more about the major upgrades to this iconic building and the history we found along the way.
Explore the beliefs shaping the future of investing. Whether achieving true diversity and inclusion, developing new approaches to alternatives amid the strategic shift to private markets or turning the ESG dream state into reality, asset owners and consultants are navigating complex, high-stakes decisions that are defining the future of investing.
This article will provide an overview of the financial issues that LGBTQ+ people face — sometimes because of the history of discrimination against LGBTQ+ communities, but also in part due to the unique financial challenges that come with being an LGBTQ+ person.
Exchange Traded Products
Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.Learn more
Through a dual options market structure, traders and brokers have choice and flexibility that comes from a mixture of electronic trading and open outcry interaction.View now
Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.Learn more
Securities and Exchange Commission Updates
Latest press releases and announcements from the U.S. Securities and Exchange Commission.View now