The NYSE Euronext today announced pricing changes for NYSE Arca that aims to improve its competitive position as a trading venue among major U.S. equity markets.
Effective Jan. 2, 2008, NYSE Arca will be introducing new pricing for trading all Nasdaq-listed securities and reducing routing fees for all NYSE Arca and Amex-listed securities. Pricing remains unchanged on the NYSE and NYSE Arca in NYSE-listed securities.
Under the new structure, customers trading over 30 million average daily shares per month on NYSE Arca, including the provision of liquidity of more than 15 million average daily shares, will receive a higher rebate of 0.24¢ when providing liquidity in Nasdaq-listed securities. For trading in NYSE Arca and AMEX-listed securities, the order routing fee will be reduced by 0.05¢/share to 0.35¢/share for all customers effective January 2, 2008 .
“Our recent pricing changes in October resulted in the lowest fees for all customers among major U.S. exchanges, and our January changes will improve upon that by offering an attractive new rate in Nasdaq-listed securities with a reachable volume tier for many of our active customers,” said Larry Leibowitz, executive vice president and chief operating officer , U.S. Products.
“In Nasdaq-listed securities, NYSE Arca already has the lowest take rate for all customers and will now offer a very compelling rebate. Our dual-market U.S. pricing strategy provides the best rate combination among major exchanges and superior liquidity when trading NYSE and Nasdaq-listed securities,” he added.
NYSE Arca makes pricing change
Will offer most attractive rate combination for trading in Nasdaq-listed securities
- By: James Langton
- December 12, 2007 December 12, 2007
- 11:10