Euronext announcements
NYSE Euronext to Close Rooms, Lower Some Trading Fees (Update3)
By Edgar Ortega
Sept. 12 (Bloomberg) -- NYSE Euronext, owner of the world's largest stock market, plans to close half the New York Stock Exchange's trading rooms to cut costs and will lower some transaction fees to regain business from rivals.
NYSE raised its rebate for orders at the Arca electronic market and will handle some trades at the Big Board for free, the New York-based company said in a statement today. The NYSE also will consolidate from four rooms to two rooms by November as increased automation allows brokers to process more shares with fewer floor traders.
*snip*more from Bloomberg here
NYSE Euronext Announces Strategic Price Changes in U.S. Cash Equities
- New Pricing on NYSE and NYSE Arca Provides Investors Choice
- Attractive Rates for All Customers, Without Volume Tiers
- Highest Rebate for All Customers Among Major U.S. Exchanges
- Lowest Take Fees for All Customers Among Major U.S. Exchanges
NEW YORK--(BUSINESS WIRE)--NYSE Euronext (NYX) today announced new strategic pricing for equities transactions on the New York Stock Exchange (NYSE) and NYSE Arca, Inc. (NYSE Arca) that utilizes the unique attributes of its market models.
Expected to be effective as of Oct. 1, 2007, the new plan adjusts fee schedules on both the NYSE and NYSE Arca to ensure continued market leadership in NYSE-listed securities and to enhance positioning in trading of Nasdaq-listed securities on NYSE Arca.
“This is a dual-market-model approach to pricing on our two U.S. exchanges that gives our customers flexibility in accessing low transaction costs and superior liquidity when trading NYSE and Nasdaq-listed securities,” said Duncan Niederauer, President & Co-Chief Operating Officer.
“Our new pricing plan strategically leverages the unique combination of the NYSE and NYSE Arca, and improves our competitive position in the trading of both NYSE and Nasdaq-listed securities. It also reinforces NYSE Euronext’s ongoing commitment to provide our customers with choice and the best trading experience possible.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.8 trillion/€22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/€94.0 billion (as of June 29, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.












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