Stocks trade on multiple markets, but the listing venue has a unique responsibility to:
- Provide a well-regulated market. NYSE Regulation oversees our responsibilities to protect investors and the public interest.
- Establish displayed prices. NYSE’s unique market model provides deep liquidity and high-quality quotes that lower volatility and the issuers cost of capital.
- Provide price discovery during the opening and closing auctions. Our unique auction process with Designated Market Makers provides superior price-discovery.
There is no single metric to measure market quality. Corporate issuers should consider various metrics when evaluating performance, including liquidity, the tightness of the bid-ask spread, the duration and size of the quote at the best prices, and other factors. See results below.
NYSE
Most Market Share and Liquidity
Most Time Quoting at Best Prices
Largest Quoted Size at Best Prices
Narrowest Quoted Spread*
* Calculated using Enhanced Quoted Spread (EQS). EQS methodology is described here.
Source: NYSE Internal Database and Consolidated Tape Statistics, June 30, 2022
Data includes top 10 exchanges in all categories
Includes NYSE Listed Securities only
NYSE American
Market Share and Liquidity
Most Time Quoting At Best Prices
Largest Quoted Size at Best Prices
Narrowest Quoted Spread*
* Calculated using Enhanced Quoted Spread (EQS). EQS methodology is described here.
Source: NYSE Internal Database and Consolidated Tape Statistics, June 30, 2022
Data includes top 10 exchanges in all categories
Includes NYSE American Listed Securities only
NYSE Arca
Market Share of Exchange Volume for All U.S. ETFs
Most Time at Best Prices for all U.S. ETFs
Most Time & Size at Best Prices for all U.S. ETFs
Narrowest Quoted Spread for all U.S. ETFs*
* Calculated using Enhanced Quoted Spread (EQS). EQS methodology is described here.
Source: NYSE Internal Database and Consolidated Tape Statistics, June 30, 2022
Data includes top 10 exchanges in all categories
Includes all Exchange Traded Funds
NYSE Data Insights
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