Search Results for keywords:"Midpoint Ping routing strategy"

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Search Results: keywords:"Midpoint Ping routing strategy"

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  • 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
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    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.

  • 2025-06414 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges
    💰
    Type:Notice
    Citation:90 FR 16017
    Reading Time:about 14 minutes

    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.

    Simple Explanation

    The NYSE Arca wants to charge a fee for a new way people can buy and sell shares secretly so they can get better prices. They will ask for public opinions about this plan until early May 2025.