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The New York Stock Exchange (NYSE), which dates back to 1792, is the largest stock exchange in the world based on the total market capitalization of its listed securities. A series of mergers has given the NYSE its massive size and global presence.
In this article, we will introduce different tapes and equity markets in NYSE.
NYSE (Tape A)
Tape A is NYSE-listed stocks. NYSE (Tape A) represents a venue for all Tape A stocks.
NYSE (Tapes B&C)
Tape C represents NASDAQ-listed stocks and it also traded on NYSE.
Tape B is the regionals. Most of Tape B is on NYSE Arca (explained below) nowadays, though some of it is still on the NYSE market, formerly known as AMEX.
And these are the examples of NYSE Shadow Testing.
source: NYSE
NYSE (Tapes B&C) represents a venue for all Tapes B&C stocks.
NYSE American Equities
NYSE American is a competitively priced venue that blends unique features derived from the NYSE, such as electronic Designated Market Makers (e-DMMs) with quoting obligations for each NYSE American-listed company, with NYSE Arca's fully electronic price/time priority execution model.
source: NYSE
In the future, NYSE American will re-introduce Designated Market Makers to the Exchange trading floor.
NYSE Chicago
NYSE Chicago is a fully-electronic equities exchange with unique features to support the Institutional Brokers serving the exchange-traded derivatives community.
source: NYSE
Founded in 1882 as the Chicago Stock Exchange, the modernized NYSE Chicago uses NYSE Pillar order entry/market data protocols and order types, designed to improve efficiency and reduce complexity for customers. With the successful migration of NYSE Chicago to NYSE Pillar, member firms can now connect to all of our equities markets using a single specification.
NYSE National
NYSE National — a fully electronic market that combines the high performance of NYSE Pillar technology with a 「taker/maker」 fee schedule — aims to deliver greater choice to investors. With the highest exchange rebates available for removing liquidity, NYSE National is an attractive trading venue for investors using fee-sensitive strategies to take liquidity or for passive traders seeking to minimize their time-to-fill.
source: NYSE
NYSE National uses NYSE Pillar order entry/market data protocols and order types, allowing for easy adoption by the trading community. Additionally, it offers an aggressive fee schedule to encourage participation, including free membership and proprietary market data.
Tracing its history back to 1885 to when it was the Cincinnati Stock Exchange, it later became the world's first stock exchange to become a fully automated, screen-based trading system in 1985. It is fitting that in its new life as NYSE National that it operates on the NYSE's state-of-the-art trading system, NYSE Pillar.
NYSE Arca Equities
NYSE Arca is an all-electronic securities exchange that is based in Chicago, Illinois in the US.
source: NYSE
NYSE Arca was established in 2006 after the New York Stock Exchange acquired Archipelago Exchange, and it operates as a subsidiary of the NYSE Group Inc.
The key components of NYSE Arca include NYSE Arca Equities and NYSE Arca Options.
By Linear
Source: NYSE, Investopedia