NYSE, JORDAN & JORDAN TO INTEGRATE DATA AND VENDOR REPORTING SYSTEMS

Posted June 18, 2009

NEW YORK – NYSE Technologies and Jordan & Jordan have formed a partnership to expand NYSE Technologies’ Data Administration and Reporting Technologies (DART) system by integrating it with Jordan & Jordan’s Vendor Reporting System (VRS).

The integration will give customers a single set of tools and services that can help them entitle data, identify and eliminate under-utilized vendor devices and exchange services, net multiple devices used by a single person, and report directly to most exchanges globally.

“The volumes of market data are growing exponentially, as is the complexity of dealing with myriad data streams and usages,” says Stanley Young, CEO of NYSE Technologies and Co-Global CIO of NYSE Euronext. “This new partnership underscores our commitment to simplify and economize this work for our customers by offering global, exchange-agnostic solutions.”

Adds Tom Jordan, CEO of Jordan & Jordan, “VRS was created to automate market data device netting and reporting with the end goal of reducing data costs and the time spent producing exchange and vendor reports. By integrating VRS with the full capabilities of NYSE Technologies’ DART products and establishing an ongoing partnership with NYSE Technologies, our clients will have an increased level of risk assurance and long-term cost savings.”