NYSE Arca Bills Traders for New Midpoint Ping Order Type
Published Date: 4/16/2025
Notice
Summary
Starting March 31, 2025, NYSE Arca is adding new fees for a special order type called Midpoint Ping, which helps traders find the best prices. This change affects anyone using NYSE Arca’s routing services and aims to keep the market fair and competitive. If you trade on NYSE Arca, expect a small fee update that keeps things running smoothly and transparently.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New Midpoint Ping Routing Fee
If you use NYSE Arca’s Midpoint Ping routing strategy, starting March 31, 2025 the Exchange will charge a new routing fee of $0.0030 per share for securities priced at or above $1.00. For securities priced below $1.00, the fee is 0.30% of the dollar value. The fee applies to orders routed pursuant to the Midpoint Ping routing strategy and will be charged to ETP Holders that use that functionality.
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