Arca Options, 'Market-Structure Leader'
NYSE's Boyle plans to leverage momentum in 2008
Introduced in August 2006, NYSE Arca Options has been a major beneficiary of the options market's steadily rising volumes. Based on the all-electronic equities platform that NYSE Euronext acquired with Archipelago Holdings in March 2006, NYSE Arca's share of daily transaction volume was at 16.3 percent last month, up from 14.6 percent in December 2006. It typically ranks third in options market share, behind the International Securities Exchange and Chicago Board Options Exchange.
"NYSE Arca was the fastest-growing U.S. equity options exchange in 2007, with a 60 percent growth rate, compared to the industry average of 30 percent," notes NYSE Arca Options VP Edward Boyle. "We have plans in place for 2008 to leverage that momentum by implementing new functionalities, new products and order types, and continuing to attract new participants."
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