“Changes Helping NYSE Grow Market Share,” reports Securities Industry News.

The article offers a concise rundown of recent changes in the NYSE’s market structure — including Designated Market Makers and Supplemental Liqudity Providers — as well as improvements such as lower latency and new pricing, plus new services such as the New York Block Exchange, MatchPoint, and BlockTalk. Excerpt:

Following a year of significant changes, the New York Stock Exchange appears to be holding on to its execution market share and perhaps even regaining some of its luster as an execution venue.

“NYSE has created one of the best venues for competition, liquidity, depth of book, and finding where and how securities should be priced,” says Anthony Conroy, head trader at BNY ConvergEx, adding, “Those things are key for traders upstairs, where algorithms are less important.”

Recommended reading.

Hope you’re having a good Monday. I don’t have to offer a “this date in financial history”
tidbit today, because you’re living through it, with today’s bankruptcy filing by General Motors.
The most unusual take on the news I’ve seen is on the blog of the New York Times’ Floyd Norris, where Floyd and his commenters trace America’s love of GM and cars through rock music. Enjoy.