NYSE Arca Announces New Pricing for NYSE-Listed Issues

By: Ray Pellecchia

File Under: NYSE, NYSE Arca

• 0 Comments
• Email Entry

Was busy having fun this afternoon so a bit belatedly I'm passing along this press release, as I know pricing news is always of interest to you: NYSE Arca Announces New Equities Pricing, Effective May 1. Excerpt:

NYSE Arca...today announced new transaction pricing, effective May 1, 2008, that will feature rebates for non-displayed orders and a new “post/take” rate combination for active customers in NYSE-listed (Tape A) securities. These changes follow recent price changes on April 1, 2008, when NYSE Arca introduced highly competitive fees for active traders in NASDAQ-listed (Tape C) securities as well as better rates in NYSE-listed securities and on NYSE Arca Options.

"The new NYSE Arca pricing provides even more benefits to high volume customers, and the MPL order type is a useful alternative to dark pools,” said Lawrence Leibowitz, Group Executive Vice President, U.S. Execution and Global Technology. “In addition to anonymity and price improvement, MPLs offer better fill rates due to unique order interaction on one of the largest exchange liquidity pools. Coupled with attractive rebates, this provides significant advantages over dark pools."

If you need more detail, the press release has a complete chart of the new price schedule.