NYSE Arca, the all-electronic US equities exchange of NYSE Euronext, has launched four Self-Trade Prevention (STP) modifiers for NYSE Arca equities customers. NYSE Arca said that the new technology includes STP Cancel Newest, STP Cancel Oldest, STP Decrement and Cancel and STP Cancel Both modifiers.
Designed to prevent unintended interaction between the same Exchange Traded Permit IDs (ETP ID), STP modifiers allow customers to voluntarily restrict their orders from executing with their same ETP ID.
Paul Adcock, Executive Vice President, NYSE Arca, said: “Through these modifiers we have further enhanced NYSE Arca’s trading technology to allow customers to utilize our market even more efficiently. This smart order handling functionality is just another illustration of NYSE Euronext’s dedication to creating a highly efficient and competitive marketplace for all participants.”
NYSE Euronext is a global operator of financial markets and provider of trading technologies. The company’s exchanges in Europe and the US trade, equities, futures, options, fixed-income and exchange-traded products.
