NYSE Arca
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| NYSE Arca | |
| Headquarters | New York, NY, USA |
|---|---|
| Key People | Edward Boyle senior vice president and director, NYSE Arca Options Exchange |
| Web site | http://www.nyse.com/ |
NYSE Arca is a stock and options exchange owned by NYSE Euronext. [1] NYSE Arca options exchange is considered a hybrid options market that combines the Arca trading platform with the trading floors of the former Pacific Exchange in San Francisco and the former American Stock Exchange (Amex). NYSE Arca plans to open a new options trading floor in the NYSE building in February 2009.
Contents |
History
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NYSE Arca was originally the Archipelago Exchange, owned by Archipelago Holdings, which became part of the NYSE Group in 2006.
In 2005, Archipelago Holdings announced its intention to acquire PCX Holdings Inc., the parent of the Pacific Stock Exchange. The deal brought Archipelago the exchange's electronic system for trading stock options as well as the self-regulatory license that allowed the exchange to police itself. The deal also included PCX's 20-percent stake in the Options Clearing Corporation (OCC).
Categories of Listed Stocks
NYSE Arca lists Tier I companies [2] and Tier II companies [3].
- Tier I is designed for large capitalization mature companies. Federal securities laws provide that Tier I listed companies are exempt from all state registration requirements, known as "blue sky laws."
- Tier II is designed for smaller issuing companies. A listing on Tier II provides these issuers with exemptions from certain "blue sky" requirements.
References
- ↑ "NYSE Arca Listings”. www.nyse.com. Retrieved on May 23, 2008.
- ↑ "Tier 1”. www.nyse.com. Retrieved on Nov. 29, 2007.
- ↑ "Tier II”. www.nyse.com. Retrieved on Nov. 29, 2007.
