Parity
- Orders received through NYSE floor brokers receive parity on the order book.
- In contrast, orders entered through an automated system will be “at the end of the line” in the order queue.
Key Advantages of NYSE Broker Collaboration
D-Quotes
- “Discretionary quotes” provide investors with the flexibility to enter, change, or cancel an order with a NYSE floor broker up until 3:59:50 PM for the closing trade.
- The deadline for Market-On-Close orders is 3:50:00.
- D-Quotes provide a useful tool for participation on the closing trade.
Anonymity
- Trade through Roberts & Ryan and no one will know where the order originated.
Point of Sale
- Price Discovery – Be a part of the price discovery conversation.
- Volume (%) Participation – Real time information to help with % orders for opening and closing trades.
- Opening – Real-time conversations with NYSE DMMs for opening price and volume.
- Closing – Real-Time information on closing price range and volume.
- Regulatory Halts – Have a broker at the point of sale for price/volume dissemination.
Corporate Repurchase
- Ability to mitigate downside for closing trade during a liquidity event (Safe Harbor Rules).
Execution
- High-Touch and Low-Touch capabilities with a full suite of algorithmic options.
To learn more about working directly with a NYSE Floor Broker contact us directly.
Email: NYSE@roberts-ryan.com | Phone: Jason Hardzewicz at 646.542.0034.