NYSE Arca, a subsidiary of NYSE Euronext, has unveiled its new transaction pricing structure, due to come into effect on 1 July 2008.
The new pricing will feature unified volume tiers and competitive ‘add/remove’ rate combinations for Tape A (NYSE-listed), Tape B (NYSE Arca- and Amex-listed) and Tape C (Nasdaq-listed) securities.
“Our new NYSE Arca equities fee schedule offers highly attractive volume-based incentives with one of the best rate combinations in NYSE-listed and Nasdaq-listed securities among major liquidity venues,” said Lawence Leibowitz, group executive vice president, US execution and global technology, NYSE Euronext, in a statement.
The rebates are based on where securities are traded and customers’ average daily share volume per month.