The New York Stock Exchange utilizes a unique combination of market professionals and technology to provide customers with the highest levels of market quality and competitiveness.
Designated Market Makers (DMMs) are at the center of the NYSE market and are the only participants in any market who have true accountability for maintaining a fair and orderly market. The NYSE features both a physical auction convened by DMMs and a completely automated auction that includes algorithmic quotes from DMMs and other participants.
Trading Floor Brokers leverage their physical point-of sale-presence with information technologies and algorithmic tools to offer customers the benefits of flexibility, judgment, automation and anonymity with minimal market impact.
Supplemental Liquidity Providers, the newest component of the NYSE, are electronic, high-volume members off the trading floor who are incented to add liquidity on the NYSE, complementing that of other quote providers. Taken as a whole, the NYSE is the only market to offer both high-tech automation for low latency and complete anonymity and high-touch participation by market professionals to create orderly opens and closes, lower volatility, deeper liquidity and improved prices.
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