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.