NYSE to Launch New NYSE National Exchange in Second Quarter

New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a story in Reuters news. NYSE National will be the 13th U.S. stock exchange and will differ from the NYSE, NYSE Arca, and NYSE American in that it will only be a trading venue and not a listing market, NYSE stated in the Jan. 12 filing with the SEC. Adding an extra exchange could help NYSE earn more revenue from trading and market data sales, as well as help the exchange operator maintain its position in U.S. stock trading volumes. NYSE closed its deal to buy the National Stock Exchange Inc on Jan. 31, 2017 and then shuttered the exchange on Feb. 1. Since then NYSE has shifted the exchange over to its trading technology platform Pillar. NYSE has said it would seek input from the trading industry before finalizing operational plans for NYSE National’s launch. 

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