Search Results for keywords:"ETP Holders"

NYSE Arca, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its "NYSE Arca Equities Fees and Charges" schedule. The amendment introduces a routing fee for the "Midpoint Ping" strategy, which allows market participants to route orders to other exchanges within the NYSE Group to access midpoint liquidity. The fee will be $0.0030 per share for securities priced at or above $1.00, or 0.30% of the dollar value for those priced below $1.00. The rule change is now effective, and the SEC is inviting public comments on this proposal until May 7, 2025.

The NYSE National, Inc. has proposed a rule change to update its Schedule of Fees and Rebates to encourage more liquidity-providing and liquidity-removing orders to its exchange. The proposal introduces alternative qualification criteria for adding and removing tiers, aiming to incentivize ETP Holders with better execution opportunities. The changes reflect the competitive nature of the equity trading market where participants can select from multiple exchanges. No significant issues are expected for ETP Holders complying with the proposed adjustments, which are intended for implementation from February 1, 2021.

NYSE Arca, Inc. proposed a new pricing tier called Tape B Tier 3, which aims to encourage more liquidity-providing orders in certain securities on its platform. This proposal offers incentives to ETP Holders affiliated with market maker accounts participating in NYSE Arca Options, allowing them to qualify for credits based on their trading activity. The proposal also includes non-substantive changes to simplify language in the fee schedule. This move is part of NYSE Arca's strategy to increase competitiveness and attract more order flow by offering financial incentives.