💹Proposed Changes to NYSE American Fees May Impact Trading Strategies
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Certain Transaction Fees and Credits in the NYSE American Equities Price List
Summary
The NYSE American LLC has filed a notice regarding proposed amendments to transaction fees and credits for Electronic Designated Market Makers. These changes aim to enhance liquidity and competitiveness in the market, responding to the evolving trading landscape and investor needs. The proposal includes introducing a new higher credit option for eDMMs to incentivize increased liquidity provision.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed changes to transaction fees and credits for Electronic Designated Market Makers (eDMMs) indicate financial adjustments that can affect business strategies, particularly in trading practices. Enhancing competition for order flow could lead to shifts in where businesses choose to trade, impacting liquidity and potentially transaction costs.