The New York Stock Exchange LLC submitted a proposal to the Securities and Exchange Commission to amend its Equities Price List. The proposed changes include introducing a new Adding Credit Tier 7, revising the non-display credit for Supplemental Liquidity Providers, and updating the credit for adding non-displayed liquidity in certain securities. The changes are intended to take effect on January 2, 2025. The public is invited to comment on the proposal by February 4, 2025.
Simple Explanation
In this notice, the New York Stock Exchange wants to change some rules about how it charges money for trades to make things better for people trading with them. They invite everyone to share their thoughts about these changes, but some important details might be hard to understand.