NYSE Cuts Order-Execution Time to 5 Milliseconds from 105
New System Offers More Speed, Flexibility and Scalability, Plus Lower Operating Costs
NEW YORK , July 1, 2009 -- The New York Stock Exchange (NYSE), a subsidiary of NYSE Euronext (NYX), has reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system (SDBK) for processing orders. As a result, NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds.