Search Results for keywords:"member organizations"

Found 3 results

Search Results: keywords:"member organizations"

View All
Oldest Newest
  • 2021-02991 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend its Price List To Extend the Waiver of Equipment and Related Service Charges and Trading License Fees
    💰
    Type:Notice
    Citation:86 FR 9546
    Reading Time:about 16 minutes

    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.

    Simple Explanation

    The New York Stock Exchange (NYSE) is letting some people who trade there keep more money by not charging them certain fees, because COVID-19 has made it hard for them to work normally. They want to help those people save money because the place where they usually work is not as busy as it used to be.

  • 2024-29927 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 309
    💰
    Type:Notice
    Citation:89 FR 103030
    Reading Time:about 14 minutes

    The New York Stock Exchange (NYSE) has proposed a change to Rule 309, which aims to simplify the payment process for member organizations by allowing the exchange to directly debit undisputed or final fees from their accounts at the National Securities Clearing Corporation. Organizations have the option to opt-out and set up alternative payment methods. This new method is intended to ease administrative burdens and reduce overdue account balances. Additionally, a $10,000 threshold is set for disputes before debiting occurs, providing time for members to address potential billing errors.

    Simple Explanation

    The New York Stock Exchange wants to make it easier for member companies to pay their bills by taking the money directly from their bank, just like when mom or dad pay for things automatically. Companies don’t have to do this if they don’t want to and can choose a different way to pay if they say so.

  • 2025-06034 — 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:90 FR 15287
    Reading Time:about 14 minutes

    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.

    Simple Explanation

    The New York Stock Exchange wants to change its pricing to add a new tiny fee for a special way of trading stocks so that they can find the best prices. This might help people buy and sell stocks more easily, but it's a bit tricky to understand how it will affect everyone.