“The NYSE Hybrid MarketSM provides customers unparalleled choice and flexibility in trading NYSE-listed securities, while maintaining the Exchange’s hallmarks of best price and superior market quality,” said NYSE Group, Inc. (NYSE: NYX) Chief Financial Officer and Executive Vice President Nelson Chai, who addressed the Keefe, Bruyette & Woods Securities Brokerage Conference this morning in New York. “With more than 100 NYSE-listed stocks now active in the Hybrid Market, measures for market quality and operational performance are very positive.”

Mr. Chai added: “The Hybrid Market is working extremely well, our overall share of trading volume in these Phase III stocks is up, and the Hybrid Market is delivering as expected with respect to speed, price and liquidity. These initial results build upon our confidence as we continue to add stocks, and our customers, specialists and floor brokers are responding to and interacting very well with the Hybrid Market.”

Through Oct. 30, results for 109 NYSE-listed stocks trading in the Hybrid Market include:



During the Hybrid Market Phase III implementation period, the NYSE reports that the availability of fast, sub-second order execution for both small and large orders is—as expected—appealing to customers and is resulting in a dramatic increase in the number of electronically executed orders. NYSE floor brokers for Hybrid Market stocks continue to execute large orders on the trading floor in both the auction and electronically, making use of the tool set included in their hand-held computer devices such as discretionary pricing functionality, pegging capabilities, layering, and enhanced reserve and quoting features. Specialists are providing capital electronically, utilizing their new market connectivity to ensure greater immediacy, price stabilization, price improvement and added liquidity in the absence of natural buyers and sellers.