Exchange group NYSE Euronext will introduce two new data products – NYSE OpenBook Ultra and NYSE Order Imbalances. The group believes these new offerings will significantly enhance the transparency of the New York Stock Exchange with a combination of more information, faster speed and other benefits.
“These products provide traders with new insight into what’s happening in the market, and they deliver that information with sub-millisecond speed and with innovative features that make the data even more valuable,” said Mark Schaedel, vice president, NYSE Data Products, in a statement.
NYSE OpenBook Ultra is an enhanced version of NYSE OpenBook, offering lower latency and additional content and functionality. It will be made available on June 2 to NYSE OpenBook customers for no additional fee.
With sub-millisecond latency, NYSE OpenBook Ultra updates with every limit-order book event, such as orders, executions and cancellations, compared with NYSE OpenBook Real-time, which updates every second. It also
includes orders originating from NYSE specialists and floor brokers as well as NYSE customers outside the trading floor.
NYSE Order Imbalances will provide customers with information in advance of the NYSE’s opening and closing auctions. The firm claims this will help traders better manage their executions strategies at those critical points of the trading day, and also further strengthen the quality of the auctions. Order Imbalances will be made available to NYSE OpenBook customers starting July 1.