ZIFFPAGE TITLENew York Stock Exchange

By eweek  |  Posted 2005-03-07 Print this article Print

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New York Stock Exchange: Base Case

11 Wall St.,
New York, NY 10005

Phone: (212) 656-3000

Chief Technology Officer: Roger Burkhardt

Average Daily Trading Volume in 2004: 1.46 billion shares

Challenge: Expand use of electronic trading while maintaining open auction format.

Baseline Goals:
  • Increase percentage of electronic trading at NYSE to 20% by year-end 2006, up from 9.8%, or 159 million, of the 1.62 billion shares traded daily in January 2005.
  • Be ready to roll out hybrid electronic/human exchange in 12 months.
  • Cut time to complete a trade from 14 seconds, on average, to 7 seconds.


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