The New York Stock Exchange will end floor trading on its NYSE MKT small-cap equity exchange in the second quarter, according to a filing with the Securities and Exchange Commission.
NYSE MKT, the former American Stock Exchange acquired in 2008 by NYSE's former parent, NYSE Euronext, will switch to Pillar, an integrated trading technology platform for equities and options markets, the filing said.
The technology will automate all trading on NYSE MKT. Floor trading on the New York Stock Exchange as well as options venues NYSE Amex and NYSE Arca will continue.
A spokesman at NYSE MKT could not be reached for comment by press time.