16 Apr 2025
💵NYSE Arca Proposes New Fees for Midpoint Ping Routing Strategy
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges
Summary
The NYSE Arca has filed a proposed rule change with the SEC to amend its Equities Fees and Charges by introducing fees for orders routed via the Midpoint Ping routing strategy. This change aims to enhance access to midpoint liquidity across trading venues and reflects the competitive dynamics in the marketplace. The implementation of these fees is expected to affect trading practices among market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change will introduce new fees related to the Midpoint Ping routing strategy that could affect trading costs for businesses. As a result, firms may need to adjust their trading strategies or consider the fee structure when accessing liquidity across exchanges, influencing their operational decisions.