Effective January 3, 2011, pending SEC filing, NYSE and NYSE Amex are making the following changes to its equities trading schedules in securities priced above $1. See more below for highlights of the new fee schedule changes.
NYSE
• Customers trading NYSE-listed (Tape A) securities will receive a rebate of $0.0015 per share for adding liquidity and be charged a fee of $0.0023 per share for removing liquidity.
• Floor brokers trading NYSE-listed (Tape A) securities will receive a rebate of $0.0017 per share for adding liquidity and be charged a fee of $0.0023 per share for removing liquidity.
• For SLPs that meet the SLP quoting requirements, the rebate for adding liquidity will be tiered as follows:
- For SLPs with an average daily share volume (ADV) of more than 50 million shares in added liquidity per month, there will be a rebate of $0.0022 per share.
- For SLPs with an ADV per month of more than 20 million shares in adding liquidity, there will be a rebate of $0.0021 per share.
- For SLPs with an ADV per month of more than 10 million shares in adding liquidity, the rebate will remain $0.0020 per share.
- For all other SLPs, there will be a rebate of $0.0015 per share.
• Customers can qualify for a reduced Market-On-Close (MOC) and Limit-On-Close (LOC) rate of $.00055 per share by executing an ADV of greater than 14 million shares of MOC/LOC activity in a given month. Otherwise, the regular rate remains unchanged at $.00085 per share for executed MOC/LOC orders.
NYSE Amex
• Customers and floor brokers trading in NYSE Amex-listed (Tape B) securities will receive a rebate of $0.0016 per share for adding liquidity and be charged a fee of $0.0028 per share for removing liquidity.
All other pricing remains unchanged.
If you have questions, please contact your Relationship Manager at rmteam@nyx.com.
Category: Operations
