Effective March 1, 2009, the following NYSE Arca equities transaction fee changes will go into effect:
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.
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.
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