NYSE Euronext announced on Wednesday that NYSE Arca (an options trading platform) has launched a routing and price improvement service, offering clients access to non-displayed liquidity. Through the addition of routing to participating broker-dealers and alternative trading systems (ATSs), investors now have access to non- displayed quotes, notes the firm.
The NYSE Arca routing algorithm will sweep both non-displayed and displayed liquidity pools, providing customers with a number of benefits including greater potential for filling orders, potential for price improvement, and access to the liquidity of 29 confirmed participants and three and a half times the number of routing destinations offered by the nearest competitor.
“Providing easy and efficient access to these non-displayed liquidity venues is an extension of our commitment to offer the greatest array of services to our clients,” comments Lawrence Leibowitz, group executive vice president and head of U.S. markets and global technology, NYSE Euronext. “By connecting to more market participants than other exchanges, we are reducing fragmentation and offering our clients greater speed, better prices and equality of access to liquidity,” he continues.