December 2007
National Stock Exchange Announces Direct Edge Migrating Quotes to NSX
Wednesday, December 19, 2007
National Stock ExchangeSM(NSX®) today announced that Direct Edge ECN LLC has begun migrating its public quotations to NSX.
The migration onto NSX BLADESM, NSX's state-of-the art technology platform, began today and is expected to continue over the next several weeks. The quote migration to NSX from the Alternative Display Facility follows Direct Edge's decision to migrate their matched trade reports to the FINRA/NSX Trade Reporting Facility™ (TRF), a process that began in late September of this year.
"We welcome Direct Edge to NSX," said Joseph S. Rizzello, Chief Executive Officer of NSX. "Since implementing our new business plan, our goal has been to respond to our customers' needs for a cost-effective exchange platform on which to conduct their business. Direct Edge's move to NSX BLADE is an acknowledgement of the value offered by our unique business model. Our commitment to aligning our interests with those of our customers is stronger than ever."
William O'Brien, Chief Executive Officer of Direct Edge, added, "In conjunction with our recent significant growth, having our quote and trade volume clearly identifiable in a single market center is important to Direct Edge. Our positive experience migrating our matched trades to the FINRA/NSX TRF, coupled with NSX's customer-centric pricing structure, made NSX the obvious choice as our primary quoting venue. We look forward to a successful relationship."
Direct Edge's quote migration to NSX comes on the heels of the one-year anniversary of NSX BLADE. The launch of NSX BLADE, on October 23, 2006, was the culmination of a new business plan developed by NSX. The new technology platform was built from the ground up, specifically to meet the speed, price and service needs of a post Regulation NMS environment. It was designed to accommodate the broadest range of users, including ECNs, algorithmic traders and agency brokers.
FINRA and TRF (Trade Reporting Facility) are trademarks of Financial Industry Regulatory Authority, Inc.; FINRA/NSX TRF™ is used under license from Financial Industry Regulatory Authority, Inc.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
NSX Unveils Redesigned Website
Monday, December 10, 2007
With a focus on ease of navigation and the latest technology, NSX® recently unveiled its newly redesigned website providing key trading information, system updates and market statistics.
New graphics, functionality and easy-to-navigate selections have been introduced on the redesigned site to provide fast and easy access to information such as NSX pricing and support, market data, system status, NSX most active stocks, regulatory information and NSX news releases.
"Our new website was designed to be a fast, intuitive resource of comprehensive information for our customers, providing them with the tools necessary to make informed trading decisions,” said Joseph S. Rizzello, Chief Executive Officer of NSX. "We want our customers to have the information they need at their fingertips."
Offering quick and easy access to market information and updates, the redesigned site underscores our commitment to aligning our interests with those of our customers. NSX market users will now be able to access crucial information faster and with greater ease.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
NSX BLADE Marks Key Milestone
Friday, December 7, 2007
National Stock ExchangeSM, Inc. (NSX®) recently marked the first anniversary of the launch of NSX BLADESM, NSX's state-of-the-art technology platform and the centerpiece of the Exchange's new business model.
Built from the ground up for the post-Regulation NMS environment, NSX BLADE offers strict price-time priority, speed, highly competitive exchange pricing and an order delivery function to meet today's speed, price and service needs.
The launch of NSX BLADE was the result of a major transformation NSX began in 2005. In response to customer demand for a cost-effective exchange platform on which to conduct their business, NSX developed NSX BLADE as the industry's high-tech, low-cost alternative and designed it to accommodate the broadest range of users.
NSX BLADE features: scalable capacity, connectivity options; and anonymity during all stages of order execution, from the receipt of the order through the clearing process.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.
NSX Announces Net Cash Flow Into ETFs at end of Nov. 2007 Surpasses $100 Billion Year-to-Date
Thursday, December 6, 2007
National Stock Exchange Announces Net Cash Flow Into ETFs at end of November 2007 Surpasses $100 Billion Year-to-Date, Up 74 Percent from Year Earlier
CHICAGO, Dec. 6, 2007 - National Stock ExchangeSM(NSX®) today announced that net cash flow into U.S. listed Exchange-Traded Funds (ETFs) at the end of November 2007 totaled $108.1 billion year-to-date, up 74 percent from the same period in 2006.
ETF assets reached $586.2 billion at the end of November 2007, up 39 percent from $420.6 billion at the end of November 2006. ETF notional trading volume totaled $2 trillion in November 2007, representing approximately 30 percent of the total U.S. cash equity notional trading volume.
This data is included in NSX's November 2007 ETF Data Report released today. NSX began publishing month-end ETF Data Reports with the release of the June 2007 Report. These Data Reports are published promptly following the end of each calendar month.
The NSX monthly statistics include shares of open-end exchange-traded products, encompassing listed shares of investment companies, grantor trusts, Exchange-Trades Notes (ETNs) and commodity pools.
NSX's full report provides ETF data on Assets Under Management (AUM), Net Cash Flow and Notional Volume, broken out by Issuer, by Category, and the Top 10 ETFs by Size. To view NSX's full ETF Data Report, go to: http://www.nsx.com/content/market-data.
In addition, NSX is now publishing a product-by-product breakdown of the more than 550 ETFs on which the data is based. This list can be accessed at: http://www.nsx.com/content/etf-product-list.
To view NSX's monthly ETF Data Reports, go directly to: http://www.nsx.com/content/etf-product-list.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Acknowledged for its proven high-performance, low-latency technology, NSX is also a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.