Tuesday, May 12, 2009

Bigger Quotes at NYSE; New Order Type at NYSE Arca; Better Openings at NYSE Amex; and More

Our new U.S. Equities newsletter is out, and among other things it reports significant progress at NYSE, including:

• The average size of our quote improved to 1,381 shares in March from 771 in August 2008, a 79% increase.

• In the top 100 issues, quoted size surged to 13,440 shares on NYSE from 4,030 in November.

• Outbound routing dropped to 9.1%, and for the top 100 issues it fell to 10.6% from 13.0%. The March 2009 levels are the lowest since March 2008.

• The percentage of time that our Designated Market Makers' quotes were at the national best bid or offer more than doubled to 25.0 percent in March 2009 from 9.9 percent in August of 2008.

• The DMMs' participation rate increased to 9.0 percent from 3.2 percent during that period

There's more in the original article.

The newsletter also covers:

• The new incentive program for traders of precious-metals futures and exchange-traded products;

• NYSE Amex's superior opening auction;

• New Add Liquidity Only order type on NYSE Arca, and greater use of Indications of Interest;

• Coming events and more.

Hope you find it informative. And hope you're making it through Monday.

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