Barclays Capital has expanded its presence on NYSE Arca options by becoming a Lead Market Maker (LMM).
Barclays Capital operates market making business on both NYSE Arca and NYSE Amex options, where it is also a specialist, as well as their equities-based Designated Market Maker (DMM ) business on the NYSE.
Lead Market Makers are a key piece of the NYSE Arca options marketplace providing market quality and ensuring fair and orderly options markets. LMMs must provide continuous two-sided quotations throughout the trading day in its appointed issues for 90% of the time the Exchange is open for trading in each issue.
NYSE Arca Options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues.
We are proud to add Barclays Capital to the core strength of the NYSE Arca options marketplace, the Lead Market Maker community, says Ed Boyle, senior vice president , U.S. Options, NYSE Euronext. Our commitment to providing exceptional market quality coupled with industry-leading speed and reliability is further strengthened by Barclays Capitals presence on NYSE Arca options. We look forward to working with them to continue to offer our customers an exceptional options trading experience.
L.D.