Search Results for keywords:"Supplemental Liquidity Providers"

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Search Results: keywords:"Supplemental Liquidity Providers"

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  • 2025-00532 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Equities Price List
    Type:Notice
    Citation:90 FR 3270
    Reading Time:about 3 minutes

    The New York Stock Exchange LLC submitted a proposal to the Securities and Exchange Commission to amend its Equities Price List. The proposed changes include introducing a new Adding Credit Tier 7, revising the non-display credit for Supplemental Liquidity Providers, and updating the credit for adding non-displayed liquidity in certain securities. The changes are intended to take effect on January 2, 2025. The public is invited to comment on the proposal by February 4, 2025.

    Simple Explanation

    In this notice, the New York Stock Exchange wants to change some rules about how it charges money for trades to make things better for people trading with them. They invite everyone to share their thoughts about these changes, but some important details might be hard to understand.

  • 2021-03340 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Price List
    💰
    Type:Notice
    Citation:86 FR 10368
    Reading Time:about 24 minutes

    The New York Stock Exchange LLC (NYSE) has proposed a rule change to its pricing structure aimed at increasing the liquidity of trades. The proposal introduces a new "Step Up Adding Tier 5" which provides incentives for members who increase their trade volumes on the Exchange. The exchange also plans to modify the existing "Incremental SLP Step Up Tier" to make it easier for Supplemental Liquidity Providers (SLPs) to qualify for credits, potentially benefiting more participants. The changes are designed to attract more trades to the NYSE, improve market quality, and do not present unfair advantages to any specific group of market participants.

    Simple Explanation

    The New York Stock Exchange wants to change some of its rules to give prizes to people who trade more, hoping that by making these changes, more people will come to trade with them. The Exchange thinks this will help make trading better, and they tried really hard to make sure no one gets special treatment.