Monday, February 8th, 2010
The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, New York, USA. It is the world’s largest stock exchange by market capitalization of its listed companies at US$28.5 trillion as of May 2008.
The NYSE is operated by NYSE Euronext, which was formed by the NYSE’s 2007 merger with the fully electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building.
Tags: banks, bonds, commodities, currency, dealers, earnings, finance, forex, forwards, futures, fx, history, investing, knowledge, learning, margin, market, money money, news, NYSE, options, otc, over-the-counter, scalping, spot, stock exchange, trader, traders, trading, turnover
Posted in NYSE, banks, bonds, commodities, currency, dealers, earnings, finance, forex, forwards, futures, fx, history, investing, knowledge, learning, margin, market, money money, news, options, otc, over-the-counter, scalping, spot, stock exchange, trader, traders, trading, turnover | Comments Off
Wednesday, January 20th, 2010
The Chicago Stock Exchange’s (CHX) Matching System trading platform has been designed and constructed to provide fully electronic cost efficient executions. CHX’s new trading platform will offer US broker/dealers access to a fair, open and neutral market place with diverse order flow from retail brokers, CHX Institutional Brokers, NASD market makers and CHX market makers.
The new platform is scalable, reliable and designed for the messaging rates of today’s equity trading environment. The new CHX Matching System performance characteristics should exceed the requirements for classification as an automated market under Regulation NMS.
Order-sending participants may route to the CHX Matching System by using the FIX and CMS protocols via existing order-sending participant or vendor connections.
Upon receipt of an order, the CHX Order Management System (OMS) will validate and route orders to the appropriate matching engine instance. Several matching instances will each handle processing for a set of issue symbols, which can be reallocated among matching engines to re-grade processing loads.
Once the matching engine receives an order, the order’s price is compared with resting limit orders in the book. If a match can be consummated at a price within the NBBO then the orders will be executed.
If the execution would occur at a price outside the NBBO then no execution will occur and the inbound order will be rejected. If no match is available, then an inbound order will be placed in the book and immediately quoted. If the order’s price would lock or cross the NBBO then the order will be rejected.
Orders resting in the book will be matched in price – time priority and according to the ranking. The Matching System matches orders on a share for share basis and inbound odd lot orders can match at prices outside the NBBO.
Tags: CME, finance, futures, investing, knowledge, market, stock exchange, traders, trading
Posted in commodities, finance, futures, margin, options, stock exchange, traders | Comments Off