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NYSE Arca

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(Redirected from ArcaEx) American stock exchange
The New York Stock Exchange Building on August 9, 2011, when Deutsche Bank's db-X Group commenced trading on NYSE Arca

NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an exchange on which both stocks and options are traded. It was owned by Intercontinental Exchange. It merged with the New York Stock Exchange in 2006 and now operates as a subsidiary of the NYSE Group, Inc. It is headquartered in Chicago.

Early reports indicated that NYSE Arca may have played a role in the 2010 Flash Crash.

History

In November 1994, Stuart Townsend and Gerald Putnam founded TerraNova Trading LLC, an electronic securities exchange, in Chicago. Its product, Archipelago, started accepting trading orders on January 20, 1997.

In 2005, Archipelago Holdings, the owner of ArcaEx, bought the Pacific Exchange, after what had been a close working relationship since 2001.

In 2006, ArcaEx merged with the New York Stock Exchange (NYSE) and the name was changed to NYSE Arca.

On August 22, 2013, the Arca system sent multiple sequences to Nasdaq which overloaded the Securities Information Processor (SIP) caused by reconnection issues to Nasdaq. This in turn caused a chain effect reaction which led to the NASDAQ flash freeze.

See also

References

  1. "Deutsche Bank's db-X Opens NYSE Arca on August 9". Reuters. Aug 9, 2011. Archived from the original on July 15, 2014.
  2. Kenton, Will (April 4, 2018). "Archipelago". Investopedia. Retrieved May 9, 2019.
  3. ^ "NYSE Arca, Inc.: Private Company Information". Bloomberg BusinessWeek. Archived from the original on June 5, 2013.
  4. Phillips, Matt (11 May 2010). "Nasdaq: Here's Our Timeline of the Flash Crash". The Wall Street Journal. Archived from the original on Aug 29, 2015.
  5. "Archipelago Holdings LLC". 💕 of Ecommerce.
  6. "Archipelago to Buy the Pacific Exchange". Chicago Tribune. January 4, 2005. Archived from the original on Jun 27, 2018.
  7. "NASDAQ OMX Provides Updates on Events of August 22, 2013". Nasdaq, Inc. Aug 29, 2013. Retrieved 2018-10-19.

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