Apr 17 2014 | 10:23 AM
  • 100% of executions receive at least $0.0010 price improvement and averaged $0.0021 since NYSE MPL introduction.
  • Orders of 300 shares or less have received an average of $0.0032 price improvement

NYSE’s innovative Retail Liquidity Program (RLP) continues to attract significant retail volume, offering retail clients substantial price improvement opportunities. Since inception on August 1, 2012, orders totaling 2.62 billion shares have executed through RLP, providing retail investors with $4.4 million in savings (through March 31, 2014).  The program is available for all NYSE-listed and NYSE MKT-listed issues as well as more than 180 of the highest volume Nasdaq-listed stocks.

The success of the NYSE Retail Program is a byproduct of our partnership with the wholesaler community, retail brokers, liquidity providers and our common goal to improve the execution experience for retail investors.

The table...

Read More
Jun 21 2012 | 10:23 AM
NEW YORK, NY - JUNE 23:  Traders work on the f...

NEW YORK, NY - JUNE 23: Traders work on the floor of the New York Stock Exchange.

You’re the CEO of a company and you want to know if membership in any particular stock market index is relevant to the value or liquidity of your company’s stock. So, you ask, “What is the importance of being in an index?”  Since this will take me a few paragraphs to answer, I figured, why not make the blog editors happy, and give them some more copy?

Stock market (and other)...

Read More
Nov 11 2011 | 10:30 AM
A view from the Member's Gallery inside the NYSE

Image via Wikipedia

In part 1, part 2 and part 3 of our volatility series, we showed that depending on how you...

Read More
Nov 3 2011 | 2:10 PM

In Part 1 and Part 2 of the series, we spent some time looking at day-to-day changes in major indices as a way of estimating whether or not the markets are more volatile now than they were in the past. We found mixed evidence using measures such as daily trading ranges, likelihood of a large (3% or greater move), VIX® and historical volatility. In short:



  • The incidence of large moves in the Dow has not been exceptional, when compared to the past (for example, the 1930s).

  • Historical volatility and large intraday ranges do appear to have expanded somewhat in the 2000s, and especially since 2007.

  • VIX® shows a slight upward trend since its inception, but the evidence is less convincing as recent peaks have not matched prior...
Read More