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.
Simple Explanation
The New York Stock Exchange wants to change its prices to encourage more buying and selling. They're adding new ways to earn discounts, taking away some old ones that weren't used much, and making it a bit hard to understand.