•NYSE Amex is lowering the requirements for the Block Rebate of $0.0036 per share (“Block Rebate”) in Tape C securities to all clients and SLPs that display large liquidity. The Block Rebate will be paid to orders that provide liquidity and originally display a minimum of 2,000 shares in stocks priced at least $5.00 per share, down from the previous requirement of 5,000 shares. Orders that are reduced by cancellation to less than 2,000 shares displayed prior to execution will not qualify for the Block Rebate. Examples of the Block Rebate:

•If a 2,000 share order priced above $5.00 displays 2,000 shares, and is then partially executed in the amount of 1,000 shares, the executed 1,000 shares receive the Block Rebate. The remaining 1,000 shares are still eligible for the Block Rebate.

•If a 2,000 share order priced above $5.00 displays 2,000 shares, and is then partially canceled in the amount of 1,000 shares, the remaining 1,000 shares will not be eligible for the Block Rebate and would receive the regular client or SLP rebate when traded.

•If a 2,000 share order priced above $5.00 displays 2,000 shares, and is then partially executed in the amount of 500 shares, the executed 500 shares receive the Block Rebate, and the remaining 1,500 shares are still eligible for the Block Rebate. However, if the client then cancels 500 shares, the remaining 1,000 shares are not eligible for the Block Rebate and will receive the regular client or SLP rebate when traded.

•The fee for customers and SLPs taking liquidity in Nasdaq-Listed (Tape C) securities priced at or above $1 will go to $0.0027 per share from $0.0023 per share.

One of the highest rebates of $0.0031 for SLPs and $0.0030 for clients remains unchanged.

All other pricing remains unchanged.

Click here for a copy of the new rate table and this Trader Update Notice.

If you have questions regarding the new rate schedule, please contact your Relationship Manager at rmteam@nyx.com.