9 Apr 2025
💹NYSE Proposes Rule Change to Amend Price List with New Routing Fees
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Price List
Summary
The NYSE has filed a notice regarding a proposed rule change to amend its price list by adopting fees for orders routed via the Midpoint Ping strategy. The change, effective April 1, 2025, aims to enhance access to midpoint liquidity while promoting competition among exchanges.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines a proposed rule change by NYSE to amend its price list, introducing routing fees under the Midpoint Ping strategy, which will directly affect transaction costs for businesses that utilize this routing option. This could impact order flow and trading strategies for member organizations.