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The New York Stock Exchange (NYSE) has proposed changes to its pricing structure to offer more incentives for organizations to add liquidity to the Exchange. The proposed amendments include different ways to qualify for pricing credits, the elimination of certain unused pricing tiers, and the introduction of new ones. The changes are intended to attract more trading activity on the NYSE by making it more advantageous for member organizations to submit orders that help discover prices. The Securities and Exchange Commission is publishing this notice to gather public comments on the proposal.

The New York Stock Exchange (NYSE) has proposed a rule change to eliminate the cap on the fee discount provided to certain investment management entities and their eligible portfolio companies. Previously, there was a maximum limit on the discount, which created unequal fee outcomes for similar companies. By removing this cap, all qualifying companies will uniformly receive a 50% annual fee discount without a maximum limit, promoting fairness and consistency. The change is expected to have minimal impact on overall competition, as only a small percentage of companies qualify for this discount.

The New York Stock Exchange (NYSE) submitted a proposed rule change to amend Section 907.00 of the NYSE Manual. This amendment aims to clarify the application of complimentary products and services offered to companies listed on the exchange, depending on their global market value. Companies that listed on or after January 11, 2021, will receive these services for 48 months, while those listed earlier will get them for 24 months. The change is primarily for clarification and transparency and does not impose any significant burden on competition or affect investor protection.

The New York Stock Exchange (NYSE) is proposing an extension of the waiver on certain fees for member organizations operating on the Trading Floor. Since the Trading Floor continues to operate with reduced capacity due to COVID-19, the NYSE wants to keep offering these waivers to help reduce financial burdens for these organizations. The extended waiver covers 50% of charges related to telephone systems and service fees, as well as trading license fees for eligible firms. The rule change was filed for immediate effectiveness to ease costs for firms affected by the pandemic-related partial closure of the Trading Floor.

The Securities and Exchange Commission is considering a proposed rule change by the New York Stock Exchange (NYSE) that aims to amend Rule 7.35C. This change would alter the way the Auction Reference Price is determined for Core Open Auctions, aligning it with the methods used by NYSE's affiliates, NYSE Arca, and NYSE American. The modification seeks to minimize the likelihood of these auctions being subject to price collars, particularly during periods of significant market volatility. The proposed rule change has been filed and is available for public comment, with the aim of promoting a smoother operation of market openings.

The New York Stock Exchange (NYSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to adjust its fee structure. The proposal introduces a fee of $0.0030 per share for orders using the new Midpoint Ping routing strategy. This strategy helps direct trades to various NYSE-affiliated exchanges to find the best prices, but it is entirely optional for member organizations. The proposed fee change aims to balance competition and improve member organizations' access to liquidity in the stock market.

The New York Stock Exchange (NYSE) has proposed a rule change to defer the billing of initial listing fees for Acquisition Companies by one year from their listing date. The Exchange believes this change is needed to stay competitive with primary competitor Nasdaq, which already has a similar deferral policy. Acquisition Companies uniquely deposit 100% of IPO proceeds into trust accounts, which makes early-stage fees burdensome. This deferral aims to encourage more of these companies to list on the NYSE without negatively impacting revenue or regulatory funding.

The New York Stock Exchange (NYSE) has proposed a rule change to give special purpose acquisition companies (SPACs) 15 additional days after completing a business combination to fulfill a specific shareholder requirement. This change aims to address the challenge SPACs face in confirming the number of shareholders due to last-minute decisions by shareholders to sell or keep their shares. The Securities and Exchange Commission (SEC) is considering whether to approve this proposal, expressing concerns about the potential risks of allowing SPACs more time to prove compliance, which might lead to non-compliant companies remaining listed temporarily. The SEC invites public comments while evaluating the proposal's implications on market fairness and investor protection.

The New York Stock Exchange LLC (NYSE) has proposed a rule change to extend a waiver of fees for certain new member applications and bond trading licenses for 2021. This proposal aims to waive the New Firm Fee, which ranges from $2,500 to $20,000, for bond trading firms applying solely for a bond trading license, and also to waive the annual $1,000 Bond Trading License Fee. The NYSE believes these changes will encourage more firms to join and trade bonds on their platform, ultimately benefiting investors through increased liquidity and trading opportunities. The Securities Exchange Commission is inviting public comments on this proposed rule change.

The New York Stock Exchange (NYSE) proposed changes to its fee structure for companies listing their securities, which was filed with the Securities and Exchange Commission. The initial listing fee for common shares is rising from $300,000 to $325,000, and specific annual fees per share are increasing slightly as well. Additionally, the NYSE plans to set a maximum annual fee of $100,000 for certain debt securities, citing efficiencies in managing multiple bond series from the same company. These adjustments reflect the NYSE's need to cover increased operational costs while maintaining competitive listing services.