New York Stock Exchange (NYSE) Euronext will introduce two new data products to enhance the transparency and speed, the exchange said Thursday.
"These products provide traders with new insight into what's happening in the market, and they deliver that information with sub-millisecond speed and with innovative features that make the data even more valuable," said Mark Schaedel, Vice President of NYSE Data Products.
The new products include NYSE Open Book Ultra, which will offer lower latency and additional content and functionality based on NYSE Open Book and NYSE Order Imbalances.
NYSE Order Imbalances will provide customers with rich information in advance of the NYSE's opening and closing auctions. This will help traders better manage their executions strategies at those critical points of the trading day, and also further strengthen the quality of the auctions.
NYSE Open Book Ultra will be made available on June 2 while Order Imbalances will be made available to NYSE Open Book customers starting July 1, the exchange said.