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NYSE MatchPoint to Launch on Jan. 22 for all NMS Securities

Traders Magazine Online News, January 7, 2008

Nina Mehta

The New York Stock Exchange, for the first time, is expected to trade Nasdaq and other non-NYSE-listed securities later this month. The historic event will occur with the launch of NYSE MatchPoint. NYSE MatchPoint, an anonymous portfolio and single-stock crossing system, will launch on January 22 with an after-hours cross at 4:45 p.m. By the end of March, the NYSE will roll out MatchPoint’s seven intraday crosses, says Jim Ross, vice president of NYSE MatchPoint. The Securities and Exchange Commission approved the system in late December.

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