NYSE Amex Tape C Inverted Pricing:
Effective September 1, 2010, NYSE Amex equities will lower the take fee for all customers to $0.0013 per share from $0.0021 per share in Nasdaq-Listed (Tape C) securities priced above $1, including displayed and non-displayed orders. The client rebate for adding liquidity remains $0.0019.
The NYSE Amex market model in Tape C securities offers:
- One of the lowest take fees in Tape C securities
- Designated Market Makers (DMMs) for each NASDAQ security
- One or more Supplemental Liquidity Providers (SLPs) assigned to most securities
- NYSE Amex Parity and Priority model
Benefits to NYSE Amex trading in NASDAQ names include:
- Quote and depth obligations for the Designated Market Makers lead to tighter markets and greater liquidity.
- Parity allocation that enables the DMM, any floor broker and the first order in the exchange’s order book to share execution priority at a particular price level.
- An additional market destination providing liquidity in Tape C securities with a differentiated pricing structure.
If you have questions please contact your Relationship Manager at rmteam@nyx.com.
Category: NYSE Amex
