NYSE Charges Up Fees for Algorithm-Directed Trades
Published Date: 3/14/2025
Notice
Summary
Starting March 3, 2025, the New York Stock Exchange (NYSE) will charge fees for special orders it sends to a trading algorithm. This change affects traders who use these directed orders and means they’ll see new costs when their orders are routed this way. The SEC is keeping an eye on this update and welcomes public feedback within 60 days.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New fee for directed algorithm orders
If you send Directed Orders that the NYSE routes to an algorithm, the Exchange will charge a fee for those orders starting March 3, 2025. Traders who use these directed routing options will see a new cost each time their orders are routed to the algorithm.
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