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NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an exchange on which both stocks and options are traded. It was owned by
Intercontinental Exchange Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russ ...
. It merged with the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
in 2006 and now operates as a subsidiary of the NYSE Group, Inc. It is headquartered in
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...
. Early reports indicated that NYSE Arca may have played a role in the 2010 Flash Crash.


History

In November 1994, Stuart Townsend and Gerald Putnam founded TerraNova Trading LLC, an electronic securities exchange, in Chicago. Its product, Archipelago, started accepting trading orders on January 20, 1997. In 2005, Archipelago Holdings, the owner of ArcaEx, bought the Pacific Exchange, after what had been a close working relationship since 2001. In 2006, ArcaEx merged with the New York Stock Exchange (NYSE) and the name was changed to NYSE Arca. On August 22, 2013 the Arca system sent multiple sequences to Nasdaq which overloaded the Securities Information Processor (SIP) caused by reconnection issues to Nasdaq. This in turn caused a chain effect reaction which led to the NASDAQ flash freeze. On Monday, March 20, 2017, the Arca platform stopped functioning due to a "system issue" and the exchange was unable to close trading for an undetermined number of funds.


See also

*
List of stock exchanges This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the wor ...
* List of stock exchanges in the Americas * List of stock exchange mergers in the Americas


References


External links


NYSE Arca Trading Information
on NYSE.com * NYSE to merge with Archipelago; NASDAQ to buy Instinet. ''Wikinews'' Arca Financial services companies established in 1994 Stock exchanges in the United States Options exchanges in the United States 2006 mergers and acquisitions {{Stockexchange-stub