NYSE Arca Equities Trading Fees

The NYSE Arca Equities Fee Schedule provides a full description of all fees and charges, including ETP, Regulatory, and Market Maker fees.

NYSE Arca’s pricing structure for taking and adding liquidity during exchange transactions is summarized in the table below. Please note: There is no charge for adding liquidity.

1. MPL orders will receive a rebate of $0.0015 per share for orders providing liquidity and a fee of $0.0030 for orders taking liquidity in Tape A, Tape B and Tape C securities. MPL is an undisplayed limit order that is priced at the mid-point of the Protected Best Bid and Offer (PBBO). MPL orders will generally interact with all order types including contra MPLs and excluding cross or directed orders. MPL orders will be entered as a limit order but are executable only at the mid-point of the NBBO. MPLs will not execute if the market is locked/crossed. MPLs have a minimum entry and execution size of 100 shares.

2. In Tape A securities, the routing fee to the NYSE using NYSE Arca’s Primary Sweep Order is $0.21 per 100 shares, otherwise the standard routing fee applies as noted in the table. The Primary Sweep Order (PSO) is a market or limit order that sweeps the NYSE Arca Book and routes any remaining balance to the primary listing market. All orders with a PSO designation should be marketable. Non-marketable orders will function as regular limit orders.

3. In Tape B securities, liquidity providers will receive a higher rebate while the sharing of 50% of Tape B market data revenue will be discontinued. Cross Orders will continue to receive tape revenue credit. Pricing is unchanged for Lead Market Makers.

4. Lower Tape Step Up take fees are subject to a cap for firms with a ratio of provide to total volume in the Jan 2012 Benchmark month of less than 30% as follows.  For Tape A, the cap will be equal to 0.75% of Tape A CADV and all take volume up to that amount will be charged the lower $0.29 take fee. All take volume above that amount will be charged the basic rate of $.30, unless the firm increases their provide volume over the benchmark month in an amount of at least 0.25% of that month’s Tape A CADV in which case the $0.29 take rate will apply to all take volume.  For Tape B, the cap will be equal to 1.5% of Tape B CADV and all take volume up to that amount will be charged the lower $0.26 take fee. All take volume above that amount will be charged current $0.28 or $0.30 rate per share, as applicable, unless the firm increases their provide volume over the benchmark month in an amount of at least 0.45% of that month’s Tape B CADV in which case the $0.26 rate will apply to all take volume.  For Tape C, the cap will be equal to 1.10% of Tape C CADV and all take volume up to that amount will be charged the lower $0.29 take fee. All take volume above that amount will be charged the basic rate of $.30, unless the firm increases their provide volume over the benchmark month in an amount of at least 0.33% of that month’s Tape C CADV in which case the $0.29 rate will apply to all take volume.