NYSE Technologies

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NYSE Technologies was the commercial technology division of NYSE Euronext. NYSE Technologies, Inc. provided comprehensive transaction, data, and infrastructure services and managed solutions for buy-side, sell-side, and exchange communities. The company also provided training, liquidity, infrastructure, and content solutions to broker dealers, institutional investors, market operators, and systematic traders in the United States and internationally. It also provided buy side solutions, including order routing, liquidity discovery, and access to broker-dealers and execution destinations; sell side solutions, including high performance, end-to-end messaging software, and market exchanges, including multi-asset exchange platform data products; and market venues and, managed, and consultancy services.

NYSE Euronext, Inc. was a Euro-American multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca. NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by IntercontinentalExchange, which subsequently spun off Euronext.

The company was incorporated in 2000 based in New York City, with sales offices in Chicago, Illinois; London, England; Belfast, Northern Ireland; Paris, France; Amsterdam, the Netherlands; Tokyo, Japan; Singapore; Hong Kong; Sydney, Australia; and Makati City, the Philippines. NYSE Technologies, Inc. operated as a subsidiary of Intercontinental Exchange, Inc. until 2015.

Intercontinental Exchange American exchange and clearing house company

Intercontinental Exchange (ICE) is an American company that owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange equity options exchanges and OTC energy, credit and equity markets.

History

NYSE Technologies was launched in January 2009, incorporating all the internal technology divisions of NYSE Euronext, NYSE Euronext’s Market Data division and a number of acquisitions including the Securities Industry Automation Corporation (SIAC) in November 2006, [1] Wombat Financial Software, [2] and Atos Euronext Market Solutions in August 2008. [3] In November 2009, NYSE Euronext completed the acquisition of NYFIX, Inc. [4]

The Securities Industry Automation Corporation (SIAC) is a subsidiary of the NYSE Euronext. Its purpose is to provide technical services for the exchanges themselves, members and other financial institutions. In this role, SIAC provides the computers and other systems required to run the exchanges. It also owns communication lines and hardware to provide real-time quotes and transaction information to all market participants from the Consolidated Tape/Ticker System (CTS), Consolidated Quotation System (CQS), and Options Price Reporting Authority (OPRA).

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New York Stock Exchange American stock exchange

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

Euronext N.V. is a European stock exchange operator with its registered office in Amsterdam and other markets operated in Brussels, London, Lisbon, Dublin, and Paris. In addition to cash and derivatives markets, the Euronext group provides listing market data, market solutions, custody and settlement services. Its total product offering includes equities, exchange-traded funds, warrants and certificates, bonds, derivatives, commodities and indices as well as a foreign exchange trading platform.

London International Financial Futures and Options Exchange Futures exchange located in London, United Kingdom

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An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system that widely disseminates orders entered by market makers to third parties and permits the orders to be executed against in whole or in part. The primary products that are traded on ECNs are stocks and currencies. ECNs are generally passive computer-driven networks that internally match limit orders and charge a very small per share transaction fee.

SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.

Sopra Steria Group SA is a European information technology consultancy established in September 2014 upon the merger of Sopra Group SA and Groupe Steria SCA. Technically, Sopra was the company to adopt the new name, retaining its legal personality.

Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a broad range of semiconductor and infrastructure software solutions. Broadcom’s product portfolio serves the data center, networking, software, broadband, wireless, and storage and industrial markets.

Direct market access(DMA) is a term used in financial markets to describe electronic trading facilities that give investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book is restricted to broker-dealers and market making firms that are members of the exchange. Using DMA, investment companies and other private traders use the information technology infrastructure of sell side firms such as investment banks and the market access that those firms possess, but control the way a trading transaction is managed themselves rather than passing the order over to the broker's own in-house traders for execution. Today, DMA is often combined with algorithmic trading giving access to many different trading strategies. Certain forms of DMA, most notably "sponsored access", have raised substantial regulatory concerns because of the possibility of a malfunction by an investor to cause widespread market disruption.

A block trade is a permissible, noncompetitive, privately negotiated transaction either at or exceeding an exchange determined minimum threshold quantity of shares, which is executed apart and away from the open outcry or electronic markets. Major broker-dealers often provide "block trading" services—sometimes known as "upstairs trading desks"—to their institutional clients. In the United States and Canada a block trade is usually at least 10,000 shares of a stock or $100,000 of bonds but in practice significantly larger.

Thomson Reuters company

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Dark pool

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Christophe Fabre American businessman

Christophe Fabre was the CEO of Axway (AXW.PA), spin-off from Sopra Steria, from 2005 until June 22, 2015.

SuccessFactors company

SAP SuccessFactors is an American multinational company headquartered in South San Francisco, California, providing cloud-based human capital management (HCM) software solutions using the Software as a service (SaaS) model.

Marketcetera is a financial software company that has developed the Marketcetera open source trading platform, linking financial exchanges to users through broker services allowing the development of automated trading systems, essentially acting as a meta-broker itself. The Marketcetera platform uses the ACTIV Financial data steam services for a real-time low-latency equity data feed. The open platform uses the open source library QuickFIX to implement the standardized FIX communication protocol. Marketcetera has offices in San Francisco and New York.

MT4 ECN Bridge is a technology that allows a user to access interbank foreign exchange market through the MetaTrader 4 (MT4) electronic trading platform. MT4 was designed to allow trading between a broker and its clients and so did not provide for passing orders through to wholesale forex market via electronic communication networks (ECNs). In response a number of third party software companies developed Straight-through processing bridging software to allow the MT4 server to pass orders placed by clients directly to an ECN and feed trade confirmations back automatically.

GFI Group Inc. (GFI) through its subsidiaries provides brokerage services, trade execution, market data, trading platforms and other software products. Clients are institutional customers in markets for a range of fixed income, financial, equity and Commodity instruments. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon, Bogota and Tel Aviv.

IRESS Australian software company

IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management.

Quod Financial

Quod Financial is a trading technology provider which specialises in software and services such as algorithmic trading, smart order routing and internalisation of liquidity. The firm provides electronic trading platforms to liquidity venues, exchanges, retail brokers, buy side and sell side institutions.

References

  1. "NYSE agrees to buy one-third stake in SIAC for $40 million". Marketwatch.com.
  2. "NYSE Euronext to Acquire Wombat Financial Software". mondovisione.com. 2008-01-14. Retrieved 2008-01-14.
  3. "Atos Origin, NYSE Complete AEMS Joint Venture Transaction". huliq.com. 2008-08-12. Retrieved 2008-08-12.
  4. "NYSE Euronext Completes Acquisition of NYFIX". nyse.com. Retrieved 2009-11-30.