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.
Simple Explanation
The NYSE Arca wants to give rewards to people who trade more in certain stocks, helping the market to be busier and more exciting. They also made some small changes to make their rules easier to understand.