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February 25, 2010

Nyse Euronext Launches New Execution Cost Management Tool For Floor Brokers

Nyse Euronext (NYX) has partnered with William Ryan Group, a provider of trading related analyses services, to provide New York Stock Exchange floor brokers with a new technology platform that will allow them to manage and analyze their transaction activity.

By CBR Staff Writer

The Execution Cost Management Analysis Service, which the William Ryan Group has customized for the NYSE, is available via a password-protected encrypted web site that is updated every trading day, and includes both Nyse and Nyse Amex execution transaction cost data.

The new service includes various analyses with graphics. The service calculates trading fees and rebates for all of a firm’s Nyse and Nyse Amex executions and can also look at costs by algorithmic versus non-algorithmic trade executions, billable versus non-billable executions, and aggregate trading-volume analyses. Data is available for a single date or a user defined range of dates. Taken together, the analyses help floor brokers manage their business costs, track fees for each client, and gain an insight into the trading activity performed for each customer.

Floor brokers differentiate the Nyse market model by blending sophisticated automation, like uniquely engineered algorithms in their hand-held order-management systems, with human expertise and value-added service to offer a solution for a very large and diverse community of customers.

Michael Rutigliano, floor operations vice president and broker liaison at NYSE Euronext, said: “NYSE is providing this technology to floor-based firms so they can easily access, monitor and analyze this information and use it effectively to benefit the diverse needs of their customers and manage their own business models efficiently.”

Robert Hendrickson, president and CEO of William Ryan Group, said: “In today’s trading environment, managing trading costs is an important component of managing trade flow. The benefits to NYSE floor brokers are immediate and tangible. Now, all NYSE floor based firms can readily access their trading cost data so that they can design and implement execution strategies, on behalf of their customers, and measure the results with accurate and timely cost analysis.”

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