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National Stock Exchange(R), Inc. (NSX(SM)) today announced the appointment of Peter J. Martyn as Vice President of Customer Services and the promotion of Yizhaq “Zak” Pinhas to Vice President and Director of Development.
Mr. Martyn will drive NSX’s customer service initiatives in this newly created position, serving as the liaison between the Exchange’s sales staff and the technology area to see that the needs of NSX customers are met. Mr. Pinhas joined NSX in March 2006 as Director of Development in NSX’s technology area. He has been instrumental in the design and development of NSX’s new state-of-the art technology platform — NSX BLADE(SM) and the NASD/NSX Trade Reporting Facility.
Mr. Pinhas was Director of the Application Services Group at the Nasdaq Stock Market from 2004 until 2006, when he came to NSX. He worked for Sungard Business Integration, a division of Sungard Data Systems, from 1997 to 2004, most recently as Director of Research and Development. Before that, he served as Software Project Officer for the Israel Air Force, IDF. He has a Master of Science Degree in Computer Science and Bachelor of Science Degree in Mathematics and Computer Science, both from BAR-ILAN
University in Israel.
In 2006, NSX implemented a new business strategy, which culminated in the last quarter of the year with the launch of NSX BLADE(SM) and the NASD/NSX Trade Reporting Facility. The new platform was built from the ground up to meet the speed, price and service needs in a post-Regulation NMS environment. It was designed to accommodate the broadest range of users, including OTC Market Makers, ECNs, algorithmic traders and agency brokers.

Two New Listings Joined New York Stock Exchange
GSC Investment Corp., a newly-organized Maryland corporation that will operate as a non-diversified company, listed its common shares on the NYSE as an initial public offering. The company’s stock began trading today under the ticker symbol GNV.

NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE�?) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.

The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $25.0 trillion.

Hancock Fabrics de-listed on New York Stock Exchange
The New York Stock Exchange suspended trading of Hancock Fabrics Inc.’s stock on March 21 and began the process of removing the company from its listings. Baldwyn, Miss.-based Hancock Fabrics filed for Chapter 11 bankruptcy last week after announcing that it would close more than 100 stores.

NYSE Regulation Inc. announced March 21 that it determined that the company’s common stock and its ticker symbol (HKF) should be suspended immediately. A March 22 statement released by Hancock stated that the company filed for Chapter 11 relief in the U.S. Bankruptcy Court for the District of Delaware and received approval of a $105 million debtor-in-possession financing arrangement with Wachovia Bank, N.A.

The statement indicated that Hancock has also reached an agreement with another lender for an additional loan of up to $17.5 million. Hancock Fabrics is a fabrics, sewing and textiles accessory retailer in the U.S.

London Stock Exchange’s new trading system gets first outing in Johannesburg
The London Stock Exchange has been testing TradElect – part of its four-year IT overhaul – with major banks and City traders. The new system is designed to deliver very high performance levels, low latency and scalability.

The London exchange has supplied the JSE with its SETS trading system on an application service provider basis since 2002, with users accessing the system through a dedicated communications link between Johannesburg and London.

The extended contract will see TradElect go live for the JSE and Namibia markets in April –ahead of its introduction for the London market, which is expected in second quarter of this year.

Program Trading Averaged 36.7 Percent Of New York Stock Exchange Volume
The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Mar. 12-16.

The data indicated that during Mar. 12-16, program trading amounted to 36.7 percent of NYSE average daily volume of 3,835.8 million shares1, or 1,406.0 million program shares traded per day. This included program trading associated with the March 16 quarterly expiration of stock-index options, futures and options on index futures.

Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks with a total value of $1 million or more…