The New York Stock Exchange said yesterday it will eliminate its special listing fees for companies transferring to the NYSE.

The NYSE reports that it filed with the U.S. Securities and Exchange Commission a proposal to eliminate the initial listing fee and one-time special charge applicable to corporate issuers transferring from another equities market to the NYSE.

The elimination of the fees, which currently apply to both U.S. and non-U.S. issuers, will be effective immediately pending SEC waiver of regulatory waiting period requirements.

Companies transferring to the NYSE from other markets have typically paid original listing fees ranging from US$150,000 to US$250,000 based on the amount of shares outstanding.

“As the highest quality and most liquid equities market in the world, the NYSE is the global listings market of choice for qualified issuers,” said Catherine Kinney, NYSE Group president and co-chief operating officer, in a news relese. “We expect that the elimination of this fee will be welcome and attractive to issuers from other markets that are considering an NYSE listing.”