NYSE American Charges New Fee for Underwriters
Published Date: 8/19/2025
Notice
Summary
Starting August 5, 2025, NYSE American will charge Limited Underwriting Members a $200 monthly fee once their application is approved. This new fee affects registered brokers or dealers who qualify under the new Rule 310. It’s a straightforward change to help the Exchange cover costs and keep things running smoothly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Monthly Fee for Limited Underwriters
Starting August 5, 2025, registered brokers or dealers approved as Limited Underwriting Members will be charged $200 per month beginning in the month their application is approved. That equals $2,400 per year for each Limited Underwriting Member.
Exemption from Other NYSE Fees; Lower Than Nasdaq
The Exchange states that Limited Underwriting Members would not be subject to any other NYSE American Exchange fees. The $200 monthly fee equals $2,400 annually and the filing notes it is lower than Nasdaq's comparable structure (Nasdaq: $5,000 annual fee plus a $2,000 application fee).
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