The NYSE Arca, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedule for listing Exchange Traded Products (ETPs). The proposed amendment aims to establish lower annual fees for certain ETPs, specifically those with a maturity date and those that provide an expected return over a specific outcome period, as they require fewer resources than other types of ETPs. This change is intended to enhance competition by attracting more issuers to list their products on the Exchange while ensuring that fees are fair and reasonable based on the demands placed on the Exchange's resources. Public comments on the proposed rule change are being solicited.
Simple Explanation
The NYSE Arca wants to change its rules to make it cheaper for some types of investment products to be listed on their exchange. They want to attract more companies to list their products by lowering the costs, especially for products that don't need as much work to manage.