NYSE goes live with OpenBook market data

NYSE goes live with OpenBook market data

The New York Stock Exchange is set to go live with OpenBook, a new service which provides off-floor market participants with a view of the disclosed buy and sell interest in all of NYSE-traded securities beyond the best bid and offer.

Designed to increase the transparency of the NYSE market, NYSE OpenBook enables market professionals to see aggregate limit-order volume for all NYSE-traded securities at every bid and price outside the displayed NYSE quote.

Robert Britz, NYSE president and co-chief operating officer, comments: "NYSE OpenBook breaks new ground by enabling off-floor market participants to gauge the depth of NYSE limit-order books, essentially bringing the point-of-sale to traders' desktops."

The service will be provided via an electronic data feed to market data vendors, broker dealers and other investment professionals.

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