.jpg)
- NYSE Arca will offer new rebate/take fee combination of $(0.0024)/$0.0025 per share in Nasdaq-listed securities for active customers;
- Customers trading more on NYSE Arca will have the opportunity to receive a higher rebate and reduce their net fee to $0.0001/share;
- NYSE Arca will continue to offer the lowest take fee of $0.0025/share for all customers;
- NYSE Arca will also reduce its Tape B order routing fee by $.0005/share.
NYSE Euronext (NYX) today announced transaction pricing changes for NYSE Arca that will further advance the company’s positioning as the most competitive trading venue among major U.S. equity markets. Effective Jan. 2, 2008, NYSE Arca will be introducing new pricing for trading all Nasdaq-listed securities (Tape C) and reducing routing fees for all NYSE Arca and Amex-listed securities (Tape B).
In all Tape C securities (including ETFs), customers trading over 30 million average daily shares per month on NYSE Arca, including the provision of liquidity of more than 15 million average daily shares, will receive a higher rebate of $0.0024 when providing liquidity. This new pricing structure offers a higher rebate with a very attractive volume tier for more active customers trading Tape C securities on NYSE Arca. By trading more of their Tape C volume on NYSE Arca, customers will reduce their net rate by 80% to $0.0001/share. All NYSE Arca customers, regardless of volume levels, will continue to get the lowest take fee among major exchanges in Tape C securities of $0.0025/share.
For trading in all Tape B securities (including ETFs), NYSE Arca and AMEX-listed securities on NYSE Arca, the order routing fee will be reduced by $0.0005/share to $0.0035/share for all customers effective January 2, 2008 .
Pricing remains unchanged on the NYSE and NYSE Arca in NYSE-listed securities (Tape A), which delivers the most attractive rate combination without volume tiers for all customers. The NYSE currently offers the lowest take fee of $0.0008/share and the highest rebate on NYSE Arca at $0.0025/share for all customers trading Tape A securities among the major exchanges.
“Our recent pricing changes in October resulted in the lowest fees for all customers among major U.S. exchanges, and our January changes will improve upon that by offering an attractive new rate in Nasdaq-listed securities with a reachable volume tier for many of our active customers,” said Larry Leibowitz, Executive Vice President and Chief Operating Officer , U.S. Products.
“In Nasdaq-listed securities, NYSE Arca already has the lowest take rate for all customers and will now offer a very compelling rebate. Our dual-market U.S. pricing strategy provides the best rate combination among major exchanges and superior liquidity when trading NYSE and Nasdaq-listed securities.”
 |
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
