NYSE Euronext and BIDS Holdings Launch The New York Block Exchange
January 29, 2009
Larry Leibowitz, Group Executive Vice President and Head of U.S. Execution and Global Technology for NYSE Euronext and Tim Mahoney, Chief Executive Officer of BIDS Trading will be joined by other executives of NYSE Euronext and BIDS Holdings to celebrate the launch of the New York Block Exchange (NYBX). A first-of-its-kind platform, NYBX is designed to improve execution quality and access to block trading liquidity in today’s increasingly fragmented marketplace through its unique interaction of displayed and non-displayed orders. // more...
New York Block Exchange Officially Launches Today
January 29, 2009
NYSE Euronext (NYSE) and BIDS Holdings, L.P., (BIDS Holdings) today announced the launch of their joint venture, the New York Block Exchange (NYBX), a revolutionary new platform designed to maximize access to liquidity and improve execution quality in the U.S. equity block trading market. Institutional investors and other market participants can now execute block trades on the NYBX platform - the first venue of its kind to allow non-displayed liquidity to anonymously access both the displayed and reserve liquidity of the NYSE order book, creating an innovative platform to re-aggregate blocks of stock. The NYBX operates as a facility of the NYSE, subject to regulatory oversight by NYSE Regulation. // more...
NYSE Euronext and BIDS Trading Receive SEC Approval to Launch the New York Block Exchange
January 26, 2009
NYSE Euronext and BIDS Holdings, L.P. today announced that the Securities and Exchange Commission has approved their joint filing to launch the New York Block Exchange (NYBX) on January 29, 2009. Designed to improve execution quality and access to block trading liquidity, NYBX is a 50/50 joint venture between the two companies and it will operate as a facility of the NYSE. // more...
