NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today announced that NYSE National, an electronic equities exchange, plans to commence trading on Monday, April 30, 2018.
As previously announced, the launch of NYSE National is part of the NYSE’s strategy to deliver greater choice. As a trading-only venue, NYSE National will trade all U.S.-listed securities using a simple price/time priority allocation method similar to NYSE Arca, but it will be the NYSE’s only venue to offer a ‘taker-maker’ pricing model. This alternative fee structure will complement NYSE Group’s other markets, and is intended to attract a new community of participants.
“The launch of NYSE National is part of our equities strategy to deliver purpose-built exchanges for issuers, and deliver greater choice to market participants in how they invest and trade. We are pleased that we can now offer U.S. investors the ability to deploy a broader range of trading strategies on four distinct and trusted NYSE markets,” said Stacey Cunningham, NYSE Chief Operating Officer.
NYSE National will operate using the U.S. exchange license that came as part of NYSE’s acquisition of the National Stock Exchange in 2017, and will run on the NYSE Pillar technology platform. NYSE also operates three listings exchanges - NYSE, NYSE American and NYSE Arca, which have unique market models designed for corporate and ETF issuers.
More information on NYSE National.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. The equity exchanges -- the New York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE American Options are leading equity options exchanges. To learn more, visit www.nyse.com/index.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company raises more capital than any other exchange in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statement in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC on February 7, 2018.
SOURCE: Intercontinental Exchange