This document is a notice from the Securities and Exchange Commission regarding a proposed change by NYSE American LLC to their transaction fees and credits on the NYSE American Equities Price List. The proposed changes involve amending the fees for Electronic Designated Market Makers (eDMMs) who agree to certain conditions for providing liquidity in assigned securities. To encourage more quoting and liquidity provision, the Exchange is offering a new higher monthly rebate of $1,250 per assigned security for eDMMs meeting specific quoting thresholds. The Commission is seeking public comments on these changes, which are intended to make the marketplace more competitive by attracting more order flow.
Simple Explanation
The Securities and Exchange Commission is talking about some new rules for a group that helps with buying and selling stocks. They want to give these helpers more money if they do a really good job and make it easier for people to trade.