NYSE Euronext (NYX) today announced that Barclays Capital, the investment banking division of Barclays Bank
The transition of
"The New York Stock Exchange is pleased by Barclays Capital’s increased commitment to the new NYSE market model, and we will work with both firms and our listed issuers to ensure a seamless transition,” said Larry Leibowitz, Group Executive Vice President, Head of U.S. Markets and Global Technology, NYSE Euronext. “Barclays Capital’s growing investment in the NYSE market model reaffirms the NYSE's outstanding value to listed issuers and their investors as well as the financial community."
NYSE Designated Market Makers (DMMs)
After the acquisition of Bear Wagner Specialists’
The NYSE utilizes a unique combination of market professionals and technology to provide customers with the highest levels of market quality and competitiveness. DMMs are at the center of the NYSE market and have unique accountability for maintaining a fair and orderly market.
The NYSE features both a physical auction convened by DMMs and a completely automated auction that includes algorithmic quotes from DMMs and other participants. The role of the