💵NYSE Proposes New Fee for Limited Underwriting Members
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt a Fee for Limited Underwriting Members
Summary
The New York Stock Exchange has announced a proposed rule change to introduce a monthly fee of $350 for Limited Underwriting Members. This fee aims to attract more brokers and dealers to the Exchange while ensuring equitable access. The proposal emphasizes the Exchange's commitment to competitive pricing in a fragmented market, addressing regulatory compliance and operational viability for participating firms.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a new $350 monthly fee for Limited Underwriting Members, which impacts business owners and executives involved in Securities Exchange. The fee structure may affect operational costs and competitive positioning within the industry, as it is designed to attract more participants while remaining lower than comparable offerings from other exchanges.