Opening and Closing Bell on Wall Street
On June 30, 2011, NYSE Amex Options announced it has completed its agreement to sell a 52.8% equity interest in the exchange to seven leading order flow providers and market making firms: Bank of America, Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS AG. This new partnership enhances NYSE Amex Options’ competitiveness by providing a range of benefits to the marketplace through a unique market model that combines an industry-leading trading platform with world leaders in market making, order execution and customer service. In honor of the occasion, Steve Crutchfield, Chief Executive Officer of NYSE Amex options, rang The Closing BellSM.
About NYSE Amex Options
NYSE Amex Options provides customers with a distinct, customer-driven hybrid marketplace that offers exceptional technology combined with a proven open-outcry trading environment. As one of two U.S. options exchanges operated by NYSE Euronext, it provides customers with a reliable platform to trade options with transparency and efficiency. NYSE Euronext's U.S. options exchanges, NYSE Arca Options and NYSE Amex Options, combine open outcry trading facilities with an advanced electronic trading platform capable of processing 400,000 orders and 3,500,000 quotes per second with sub-millisecond acknowledgment (ACK) times.