--
--
--
-- NYSE Arca rebate of
-- NYSE Arca rebate of
In addition, NYSE Euronext’s Global Multi-Platform Incentive Program
offers additional savings to active global customers trading on the
NYSE Equities Price Changes
“Recent pricing incentives for Designated Market Makers and Supplemental
Liquidity Providers have contributed to significant increases in posted
liquidity and
Effective
-
Customer rebate per share for adding liquidity of
$0.0010 (previously no rebate) in displayed and non-displayed orders. Floor broker rebate per share for adding liquidity of$0.0012 (previously$0.0004 ) in displayed and non-displayed orders. Benefits of posting orders on theNYSE include: 1) Highly competitive rebate for liquidity providing in non-displayed orders; 2) Access to superior take liquidity offering higher certainty of execution; 3) Participation in block sweeps from the New York Block Exchange (NYBX). -
Transaction fee per share for removing liquidity of
$0.0018 (previously$0.0008 ) for customers and floor brokers. TheNYSE continues to offer the best take fee for accessing liquidity, which is 28%-40% lower than other major market centers; -
Transaction fee per share for market-on-close (MOC) and limit-on-close
(LOC) orders of
$0.0005 (previously$0.0004 ) for customers and floor brokers. Participants will continue to benefit from the$120 fee cap on all transactions. -
Transaction fee per share for odd lot transactions (including odd lot
portions of partial round lots) of
$0.0010 (previously$0.0004 ). TheNYSE continues to offer the lowest take fee for removing odd lots, which is 60%-67% lower than other major market centers.
All other
NYSE Arca Equities Price Changes
Effective
For customers with an average daily share volume per month greater than 90 million shares in Tape A, B and C trading, including adding liquidity of more than 45 million shares, the new rates per share are as follows:
-
For Tape A and Tape C securities, the pricing structure is inverted,
including a rebate of
$0.0029 for orders that add liquidity (previously$0.0028 ) and a fee of$0.0028 for orders that remove liquidity (previously$0.0027 ). The new inverted pricing structure will be in effect for a minimum of three months.
For all customers not reaching at least 60 million average daily share volume, the rates per share are as follows:
-
In Tape A and Tape C securities, all customers will receive a rebate
of
$0.0020 per share for resting MPL orders (previously$0.0010 ) and in Tape B securities the rebate is$0.0010 per share (previously zero). The MPL order is an undisplayed limit order that offers price improvement to customers by executing at the mid-point of the National Best Bid and Offer (NBBO). -
For Tape A and Tape C securities, the rebate is
$0.0023 for orders that add liquidity (unchanged) and the fee is$0.0030 for orders that remove liquidity (previously$0.0029 ).
All other transaction fees remain unchanged. NYSE Arca’s new pricing structure for all customers is summarized in the table below.
NYSE Arca Rates Per Share, Effective
Average Daily Shares per Month in Tape A,B and C Securities |
Tape A (NYSE-Listed) | Tape C (Nasdaq-Listed) | Tape B (NYSE Arca- and Alternext-Listed) | MPL Rebate for Adding inTape A&C / Tape B (2) | |||||||||||||||||||
Rebate for Adding | Fee for Removing | Routing Fee to NYSE (1) | Routing Fee to Other Venues | Rebate for Adding | Fee for Removing | Routing Fee | Rebate for Adding | Fee for Removing | Routing Fee | ||||||||||||||
Greater than 45 million shares added and greater than 90 million shares total (added, removed, routed) in Tape ABC | ($0.0029) | $0.0028 |
$0.0016 |
$0.0029 | ($0.0029) | $0.0028 | $0.0029 | ($0.0023) | $0.0028 | $0.0029 |
($0.0020) /
|
||||||||||||
Greater than 30 million shares added and greater than 60 million shares total (added, removed, routed) in Tape ABC | ($0.0027) | $0.0029 |
$0.0016 |
$0.0029 | ($0.0027) | $0.0029 | $0.0029 | ($0.0022) | $0.0028 | $0.0029 |
($0.0020) / |
||||||||||||
Greater than 85 million shares removed and routed, and greater than 2 million shares routed in Tape ABC | ($0.0023) | $0.0029 |
$0.0016 |
$0.0029 | ($0.0023) | $0.0029 | $0.0029 | ($0.0022) | $0.0029 | $0.0029 |
($0.0020) / |
||||||||||||
All Others | ($0.0023) | $0.0030 |
$0.0016 |
$0.0030 | ($0.0023) | $0.0030 | $0.0035 | ($0.0022) | $0.0030 | $0.0035 |
($0.0020) / |
1) In Tape A securities, the routing fee to the
2) Mid-Point Passive Liquidity (MPL) is an undisplayed limit order that is priced at the mid-point of the Protected Best Bid and Offer (PBBO). MPL orders will generally interact with all order types including contra MPLs excluding: cross or directed orders. MPL orders will be entered as a limit order but are executable only at the mid-point of the NBBO. When the market is locked, eligible MPLs will trade at the locked price. MPLs have a minimum entry and execution size of 100 shares