NYSE Floor Coverage -
Eight dedicated & experienced house brokers and one reserve broker provide full coverage of the entire NYSE floor.

NYSE Direct Access -
Battenkill Capital is able to offer non-member institutional firms
direct access to the floor of the NYSE through our operations.

NYSE Technology and Client Connectivity
BBSS - (Broker to Booth Support System) Provides Electronic Connectivity between Trading Members on the trading floor and the booth, as well as direct client connectivity to our booths.

FIX Connection- Clients can connect electronically to the booth from their trade desk via an electronic portal at the NYSE which will interface with a number of Order Management Systems.

*Best Execution Obligation

Our floor operation has regulatory approval to directly access away markets

Parity
-Matching with the Book Electronically with E-Quote and D-Quote
-NYSE only venue that offers Parity
-Smaller average order size increases significance of electronic parity
-Unique tools offer more flexibility than the cap or software
algorithm order

E-Quoting
-Replaces what the Broker did in the Open Outcry System
-Combines parity with the popular strategy of reserve interest to
great effect.
-Important for broker to decide how much liquidity to display to
encourage trading.
-Holds a quote at a selected price until order is exhausted

D-Quote
-Replaces what the Broker did in the Open Outcry System more complexly
-Combines parity and reserve with discretion of price and contra volume interaction
-Discretion allows customer to be aggressive when they want to be
-Ability to interact with a dynamic quote with customers objectives in mind without showing intentions

Information
-Immediate and pertinent knowledge regarding specific issues
-Patterns not picked up by algorithms
-Face to Face negotiation with counter-parties
-General market information or sudden (macro) events

Best Execution Obligation
-Reg. NMS links markets: away markets can not trade through NYSE
-Customer orders are protected with displayed interest in other away markets
-Order Turn Around Time: negligible difference with other exchanges

Functionality and Flexibility
-The combination of unique new tools from the NYSE and accessibility to information gives you
a distinctive advantage
-Information is available to the broker that can assist you in fulfilling execution needs
-The Hybrid Market allows us to compete with other venue