NYSE Euronext announced that NYSE Arca has launched a routing and price improvement service that will offer clients access to non-displayed liquidity.
Through the addition of routing to participating broker-dealers and alternative trading systems, investors now have access to non-displayed quotes. Trading interest from these venues will be included in the NYSE Arca routing algorithm. As a result, the NYSE says, it offers the largest aggregation of liquidity by an exchange.
“Providing easy and efficient access to these diverse, non-displayed liquidity venues is an extension of our commitment to offer the greatest array of services to our clients,” said Lawrence Leibowitz, group executive vice president and head of U.S. markets and global technology,
NYSE Euronext. “By linking more market participants than any other exchange, we are reducing fragmentation and offering our clients greater speed, better prices and equality of access to liquidity.”
NYSE Arca launches new routing service
Offering aims to provide access to non-displayed liquidity
- By: James Langton
- March 12, 2008 March 12, 2008
- 15:44