OES MarketGroup announced today that it is now providing a single point of contact to and a conversion solution for Nyse and Nyse Alternext US Equity CMS order entry to a new order entry system, the Common Customer Gateway (CCG).
OES said it is deploying a proprietary technology interface and platform for NYSE Euronext that provides a CMS FCS and CMS FIX 4.1 protocol translator into the protocol for CCG.
"The OES interface and platform act as a technology bridge to facilitate the migration of NYSE Euronext member firms over to CCG, or to remain on the CMS interface," said Dave Scheckel, the company's CEO. "OES is very pleased to provide the Exchange and its members a seamless CMS to CCG conversion solution that supports multiple protocols."
"OES is providing a comprehensive conversion solution for Exchange members," said Lou Pastina, executive vice president, NYSE Euronext. "As of January 1, 2009, the NYSE has effectively completed the migration of all NYSE and NYSE Alternext U.S. Equity CMS order entry to CCG. We look forward to working with OES and other providers to ensure the highest quality service for our customers."
With the implementation of the CCG system, NYSE Euronext estimates that its customers should experience a reduction in latency when accessing the NYSE and NYSE Alternext U.S. cash equity markets. The CMS system remains available for the NYSE Amex Options business until the migration of NYSE Amex Options to the NYSE trading floor, which is expected to occur in March 2009.