Pending effectiveness of filings with the SEC, NYSE Amex intends to make the following changes to its Fee Schedule.
The changes are intended to be effective May 1, 2012.
For Nasdaq-Listed (Tape C) securities:
-- Customers taking liquidity in securities with a per share price of $1.00 or more will now receive a rebate of $0.0003 per share, from the current $0.0027 fee. There will no longer be a fee for taking liquidity in securities with a per share price below $1.00. Previously there was a fee of 0.30% of total dollar value of the trade.
-- There will be no rebate or fee for customers providing liquidity. Previously the rebate was $0.0030 per share for securities with a per share price of $1.00 or more.
-- The rebate for SLPs providing liquidity in stocks for which they meet the quoting obligations with a per share price of $1.00 or more will go to $0.0005 per share from $0.0031 per share.
-- The rebate for Block Rebate trades for customers and SLPs that display large liquidity will go to $0.0020 per share from $0.0036. The Block Rebate is paid to orders that provide liquidity and originally display a minimum of 2,000 shares in stocks priced at least $5.00 per share. Orders that are reduced by cancellation to less than 2,000 shares displayed prior to execution do not qualify for the Block Rebate.
For Amex-Listed securities:
-- In securities with a per share price of $1.00 or more, the fee for orders executed in the opening auction will be $.0005 per share. In securities with a per share price below $1.00, the fee for orders executed in he opening auction will be 0.30% of total dollar value of the trade. The fees for all opening auction executions are capped at $15,000 per month per member.
All other pricing remains unchanged
NYSE Amex will add 69 Nasdaq-listed securities for UTP trading effective May 1, for a total of 110 securities, accounting for 43.6% of Tape C consolidated volume. A list of the new and current UTP symbols available for trading is provided in the trader notice.
If you have any questions, please contact your Relationship Manager directly or the RM team at email@example.com.
Category: NYSE Amex