27 May 2025
💰NYSE National Proposes Fee Change for Retail Price Improvement Strategy
Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE National Schedule of Fees and Rebates
Summary
NYSE National has filed a proposed rule change to amend its fee schedule, introducing a zero-fee structure for orders routed under the Retail Price Improvement Seeking strategy. This aims to enhance access to liquidity for retail orders by providing competitive pricing options, encouraging participation in the exchange's retail liquidity program.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by NYSE National impacts the fee structure for routing retail orders, directly affecting trading costs and competitive strategies for businesses and trading firms in a fragmented market. It offers benefits such as zero fees for certain transactions, incentivizing usage of their recently introduced routing strategy.