My RMCs (Relationship Management colleagues) sent a note to customers the other day that I thought was worth replaying here. In this day when a lot of people think that all trading is commoditized and all trading venues are the same, it's important to remember that there is a difference.
NYSE, NYSE Arca and NYSE Amex continued to provide superior market quality in their listed issues in August, providing tighter spreads, greater time with largest size at the best price, and large size compared to competing exchanges.
- NYSE extended its market quality advantage during last month’s extreme volatility compared to prior months.
- NYSE Arca also provided the second best market quality in all three measures for NYSE-listed issues.
- NYSE had the best size and most time at the inside more than twice as often as any other exchange in lower volume issues...