PRODUCT DESCRIPTION

SuperTrade™

The post MiFID/Reg NMS environment promises increased competition with

a greater potential for growth and revenue opportunities globally.
NYSE Technologies provides more than 160 feed handlers, covering the leading
exchanges, ECNs, and alternative trading facilities across North America, Europe and
Asia, as well as the top aggregated vendor feeds. Building upon this suite of products,
Consolidated View SuperTradeTM provides a consolidated view and can monitor all activity across global
of All Trades in markets in a range of securities.

Monitored Securities
Fast Facts
What is it?
A software solution that allows traders
to view aggregated activity in securities
across multiple trading venues.
Who is it for?
High frequency traders who require
visibility of real-time trade execution.
What does it provide?
A consolidated view of all cross platform
trading activity in monitored symbols.
Customer Challenges
As markets continue to fragment and
additional liquidity pools become available,
it is critical for consumers of market data
to react seamlessly to new trading venues;
with minimal disruption and maximum
impact.
Complex Symbology
Customers can struggle with the diversity
of symbologies used across venues where
differing identifiers are used to represent
the same instrument. SuperTrade provides
end users with a common and consistent
language for registering interest in the
consolidated trade for a given instrument
through sophisticated symbology mapping.
Global Transparency
SuperTrade offers access to all trades
in monitored securities, allowing customers
to make informed trading decisions and
react quickly to liquidity displacement in
alternative trading venues. Delivered
in real-time, SuperTrade provides
the transparency necessary to compete
in the evolving global marketplace,
enabling customers to trade in
increasingly efficient markets.
Solution Benefits
For existing customers, SuperTrade
presents a standard interface, both in
terms of administration and end client
platform interaction. Administrators are
provided with an interface with real-time
consolidated trade processing. The result
is cost and performance benefits for firms
requiring a superior view of securities
across multiple venues.
Value Added Data
SuperTrade will provide trade activity
from known sources as they happen,
providing a wealth of real-time value added
information. This includes identification
of the source execution venue, quantity
and price, as part of a consolidated feed.
Using SuperTrade to monitor trading
activity across a plethora of trading
venues can aid faster discovery of price
movements and momentary liquidity
displacements, allowing traders to
quickly identify profitable opportunities.
This information can be collected by any
NYSE Technologies’ Middleware Agnostic
Messaging APITM (MAMATM)/ Middleware
Agnostic Market Data APITM (MAMDATM)
client, at any stage of the trading day.
Consolidated Market View
SuperTrade seamlessly integrates
with NYSE Technologies’ order book
aggregator product, SuperBook, to provide
a complete view of liquidity for fungible
instruments, allowing superior cross-market
trading execution.

www.nyx.com
©2009 NYSE Euronext
All Rights Reserved
 PRODUCT DESCRIPTION

SuperTrade™

Using Duplication to your Advantage

In addition to consolidating trade data, SuperTrade can also manage redundant
overlapping data sources where available. When a duplicate source of data exists (such About NYSE Technologies
as an aggregate data feed), SuperTrade can be configured to use this as a redundant NYSE Technologies provides comprehensive
backup, seamlessly transitioning in the event of the primary source becoming unreliable transaction, data and infrastructure services
or unavailable. With this feature, the risk of being out of the market due to unforeseen and managed solutions for buy-side,
compromised data integrity or exchange connectivity is minimised. sell-side and exchange communities that
require next-generation performance and
Middleware Agnostic Market Data API (MAMDA) expertise for mission critical and value-
MAMDA is a high level API with built-in support for most common market data semantics added client services.
and data structures. For trades, MAMDA will provide a consistent interface to all trade
related information. This allows SuperTrade to send only delta updates while allowing the Find Out More
client to have access to current trade information at any time. MAMDA is available Call:
for C++, Java and .Net. +1 (212) 510 3600
Email:
Key Features NYSE-Technologies-Sales@nyx.com
or Visit www.nyse.com/technologies
• Aggregation of trades across multiple trading venues
• Superior view of data available including value added fields
such as VWAP, percentage change and total volume
• High performance - efficiently add feeds for new trading venues
with minimal front end disruption
• Leverage duplicate data sources
• Real-time switching between individual participants
from any data source
• Flexible control over exchange symbology between venues

Example of SuperTrade Aggregating Trade Messages

1 2

wIssueSymbol VOD/L.CHIX wIssueSymbol VOD

wTradePrice 72 wTradePrice 72
CHI-X wTradeVolume 10000 wTradeVolume 10000
... wPartld CHIX
wTotalVolume 1000000 ...
wTotalVolume 2480000

SuperTrade Mamda
Client
3 4

wIssueSymbol VOD.GBX.XLON wIssueSymbol VOD

wTradePrice 71 wTradePrice 71
TURQUOISE wTradeVolume 20000 wTradeVolume 20000
... wPartld TURQ
wTotalVolume 1500000 ...
wTotalVolume 2500000

1. Trade message received from CHI-X on topic VOD/L.CHIX

2. Message published to topic VOD containing data from 1. and value added fields updated
3. Trade message received from Turquoise on topic VOD.GBX.XLON
4. Message published to topic VOD containing data from 3. and value added fields updated

Copyright 2009 NYSE Technologies Inc. All rights reserved. All third party trademarks are owned by their respective owners and are used with permission. This announcement may contain forward-looking statements regarding NYSE Euronext and its
affiliates. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements
TR/L5718/091202/100