CCG connectivity into the New York Stock Exchange continues to grow since our last client communication on September 29, 2008. We now have over 65 connected firms and continue to receive more than 78-80% of our daily order traffic through CCG. With the continued growth of CCG and as previously mentioned in the last client communication, where the Exchange announced a 33% reduction to CMS, the NYSE has a plan in place to reduce the current capacity in CMS by 50% on December 5, 2008. We will continue to further reduce capacity in CMS on a scheduled basis, until the full decommission of CMS is completed.
Category: Connectivity, Product News