Step Onto the New NYSE Amex Options Trading Floor
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NEW YORK, May 18 /PRNewswire/ -- In a new photo gallery, Advanced Trading
gives readers an exclusive view of the newly opened NYSE Amex Options Trading
Floor.
http://advancedtrading.com/photos/trading-floors/NYSE-Amex-Options
(Photo: http://www.newscom.com/cgi-bin/prnh/20090518/NY18043)
With some of the first and most comprehensive photos of the new trading floor,
Advanced Trading's gallery offers a virtual tour of the trading floor, and
features interviews and close-up photos of several traders on the NYSE Amex
Options floor.
This new floor was developed to house traders from both the American Stock
Exchange, which was acquired by NYSE Euronext last year, and the existing NYSE
options traders in New York. Housed adjacent to the main NYSE equities trading
floor on Wall Street and built to suit the exchange's hybrid trading model,
the trading floor features two adjoining rooms with trading pits for open
outcry trading as well as booths for electronic trading by market makers,
specialists and broker-dealers.
"The Amex was declining because the technology didn't keep up with today's
market," said Ed Boyle, senior vice president of NYSE Amex Options. "The new
NYSE Amex options platform is 300 times faster than the old Amex platform."
Boyle added that while the traditional Amex options business was 20 percent
electronic and 80 percent open outcry, he would like to see those figures
reversed, moving to between 70 and 80 percent electronic.
View the entire "Anatomy of a Trading Floor" photo gallery featuring the NYSE
Amex Options Floor:
http://advancedtrading.com/photos/trading-floors/NYSE-Amex-Options
About Advanced Trading:
Advancedtrading.com provides daily analysis and news on trading and trading
technology trends. The publication's goal is to provide its audience --
traders -- with the critical information they need to navigate and succeed in
a dynamic marketplace. Advancedtrading.com is a brand within the TechWeb
organization published by United Business Media.
Contact:
Cristina McEachern
Executive Editor
cmceachern@techweb.com
212-600-3119
Kerry Massaro
Editor-in-Chief
kmassaro@techweb.com
646-242-6578
SOURCE Advancedtrading.com
Cristina McEachern, Executive Editor, +1-212-600-3119, or
cmceachern@techweb.com, Kerry Massaro, Editor-in-Chief, +1-646-242-6578, or
kmassaro@techweb.com, both for TechWeb
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