21 October 2017
visit www.avoka.com

Nyse acquires MatchPoint Trading

19 July 2006  |  8404 views  |  0 Statue of Liberty

The New York Stock Exchange (Nyse) has acquired MatchPoint Trading, a company specialising in call market trading and technology. Financial terms of the deal were not disclosed.

MatchPoint provides a proprietary electronic equity crossing system that matches aggregated orders at predetermined and distinct times, at prices that are derived from the primary market for securities.

The technology can operate multiple matches each with a unique benchmark pricing model and can also process internal crosses for single participants and seamlessly enables residuals to participate in scheduled crossing sessions.

Mike Cormack, EVP, Nyse Group says: "This acquisition gives the Nyse Group and its clients a strong platform for technological growth in benchmark trading."

The exchange says MatchPoint's trading technology will enhance the suite of crossing services it intends to provide in the first quarter of 2007.

Jim Ross, founder and CEO of MatchPoint Trading, who will join the Nyse as vice president of crossing technology, says: "By bringing our innovative, point-in-time benchmark crossing services to the Nyse Group we can now offer the advantages of the MatchPoint engine to investors, issuers and market professionals around the world."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Börse revamps Euronext bid; Nyse eyes London

Deutsche Börse revamps Euronext bid; Nyse eyes London

20 June 2006  |  5758 views  |  0 comments
Nyse clinches Euronext deal

Nyse clinches Euronext deal

02 June 2006  |  9087 views  |  0 comments
Nyse begins trials of new hybrid market

Nyse begins trials of new hybrid market

16 December 2005  |  6445 views  |  0 comments
Nyse axes 60 jobs

Nyse axes 60 jobs

15 December 2005  |  6865 views  |  0 comments
Nyse turns to IBM for new trading system

Nyse turns to IBM for new trading system

14 December 2004  |  6239 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister nowvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10065 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8982 views comments | 17 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8958 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8044 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7728 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job