In a concerted effort to provide customers better services,
) last Thursday, announced a strategic alliance with Equilar to
enable the issuers of NYSE and NYSE MKT to access Equilar Atlas.
With this partnership, NYSE will move a step ahead with its
"community strategy" to allow the use of Atlas services among its
Presently, companies listed on NYSE have access to Equilar Atlas
through NYSE Connect portal. This partnership will further enhance
the accessibility to Equilar Atlas across various platforms of NYSE
and provide growth prospects by opening new avenues for business
development and recruitment.
Equilar Atlas provides in-depth information about an individual
related to professional details among other relevant information.
It has a database of 300,000 executives and board members. The
technology will connect the personal network of an individual to
Equilar Atlas network.
The technology will enable recruiters at NYSE to select
candidates by not only using sophisticated measures but it will
furnish them with crucial details regarding the individual. It is
in-line with the company's initiatives of expanding its suite of
technology service offerings to its clients.
The news follows NYSE getting the approval to introduce its
innovative Retail Liquidity Program by the U.S. Securities and
Exchange Commission in early July. The program is slated to promote
healthy competition across trading platforms and benefit investors
by offering them competitive prices. This technology will allow
sufficient cost savings and ensure better pricing with respect to
retail equity trading for NYSE and NYSE MKT listed and NASDAQ
UTP-traded equity securities.
NYSE competes closely with
Nasdaq OMX Group Inc.
). The company strives to pose a stiff competition to NYSE.
It recently purchased NOS Clearing ASA, a Norwegian commodities
clearing house, according to a media report and also has its plans
set on building a new interest rate derivative trading platform -
NASDAQ NLX - in London by the first quarter of 2013.
NYSE currently retains a Zacks #3 Rank, which translates into a
short-term Hold rating whereas its arch rival - NASDAQ holds a
Zacks #4 Rank, which translates into a short-term Sell rating.
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