- Mar
- 26
- 2007
- 1:07 PM
Update on fees on sub-dollar issues
- By: Ray Pellecchia
- File Under: NYSE
An update on NYSE changes handling of orders in issues priced under $1.00: on March 22, NYSE Arca changed its fee schedule for sub-dollar issues. Here's an excerpt from the NYSE Arca filing to the SEC on the subject:
"Specifically, the Exchange proposes to implement a fee of 0.1% of the total dollar value for all round and odd-lot transactions of ETP Holders that execute against orders residing on the Book for listed or Nasdaq securities priced less than $1.00, and shall impose a fee of 0.3% of the total dollar value for orders of listed and Nasdaq securities priced less than $1.00 that route and are executed with any away market center or participant. The Exchange will not provide a rebate (credit) to ETP Holders for any transactions in securities priced less than $1.00."
Here's a link to the complete filing. Sorry for any inconvenience. I wasn't aware of the change when I posted the original item on March 20.
Tags: New York Stock Exchange, Hybrid Market, NYSE, NYSE Group, NYX, trading, stock market
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