NYSE Euronext’s U.S. options exchanges, NYSE Arca and NYSE Amex options, announced new rate changes for each market center that became effective April 1, 2010. NYSE Arca options is introducing higher posting credits in premium tier products, tiered customer rebates in non-premium penny pilot issues and a reduction in the LMM rights fees. NYSE Amex options is introducing a reduced electronic broker dealer rate, a reduced electronic firm rate, tiered pricing for firm proprietary manual trades and the implementation of the Professional Customer designation.
“We are always focused on building our business by providing our valued customers with greater efficiencies and enhanced incentives to trade on our options exchanges,” said Edward Boyle, Executive Vice President, NYSE Euronext U.S. Options. “These pricing adjustments, combined with our other competitive advantages, are designed to retain and attract additional order flow. NYSE Arca and NYSE Amex options are committed to maintaining our leadership position in U.S. equity options trading and these important pricing changes are one key piece of our evolving value proposition to customers.”
NYSE Euronext’s two distinct U.S. options exchanges present a compelling dual market structure that offers customers the choice of price-time priority on NYSE Arca options or the traditional market-maker model and expanded array of services of NYSE Amex options. As the first U.S. options exchange to introduce the post/take market model, NYSE Arca options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues. NYSE Amex options provides customers with a separate, value-driven marketplace offering exceptional technology in a proven open-outcry trading environment.
NYSE Euronext's U.S. options exchanges incorporate state-of-the-art open outcry trading facilities with an advanced electronic trading platform capable of processing 400,000 orders and 3,500,000 quotes per second with 2 millisecond acknowledgment (ACK) times.
For a complete explanation of the new NYSE Arca options rates and fees, click here:
http://www.nyse.com/futuresoptions/nysearcaoptions/1159439190411.html
http://www.nyse.com/futuresoptions/nyseamex/1228420271739.html