NYSE Tweaks Fees: Rebates for IPOs, Charges for Nasdaq Sends
Published Date: 2/13/2026
Notice
Summary
The New York Stock Exchange is updating its price list starting February 2, 2026. They’re giving monthly rebates to Designated Market Makers for IPOs and transfers, and changing fees for sending certain stock orders to Nasdaq. Traders and market makers will feel the impact with these fresh fee tweaks designed to keep things fair and competitive.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Monthly DMM Rebate for IPOs and Transfers
Starting February 2, 2026, NYSE will give Designated Market Maker (DMM) units a $0.0035 per-share rebate when they add liquidity (other than MPL Orders) in securities priced at or above $1.00 during the first month an IPO lists on the Exchange or the first month a security transfers to the Exchange. Reallocation of an already listed security from one DMM unit to another will not count as a transfer for this rebate.
Lower Fee for Routing to Nasdaq Auctions
Effective February 2, 2026, NYSE will charge $0.0009 per share (instead of $0.0010) for executions in securities priced at or above $1.00 that route and execute in a Nasdaq Auction for Tape B and C securities. Nasdaq Auctions will be excluded from the Exchange's current $0.0010 per-share charge for Away Market Auctions at venues other than NYSE American.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11657 — Franklin Resources, Inc.
Franklin Resources, Inc. is asking the SEC for special permission to create investment groups just for its employees, letting them skip some usual rules. This change mainly affects Franklin’s workers and could make it easier and faster to manage these employee investment partnerships. If no one objects by July 6, 2026, the SEC will approve this exemption, which might save time and money for Franklin and its employees.
2026-11682 — Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Rule 13.003 Related to Proxy Voting
The Texas Stock Exchange is changing its rules to make sure members vote uninstructed shares fairly by matching how other shareholders vote. This affects anyone holding TXSE-listed stocks and aims to make proxy voting more transparent and balanced. The new rule kicks in soon and could impact how shareholder meetings run, but it doesn’t involve extra costs.
2026-11683 — Self-Regulatory Organizations; Nasdaq Phlx, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Permit Non-Conforming Ratios
Nasdaq Phlx is shaking things up by letting Complex Orders trade with both regular and unusual ratios on their trading platform and auctions. This change affects traders using the Complex Order Book and aims to boost flexibility and trading options starting immediately. No extra fees or delays—just more ways to trade smarter and faster!
Previous / Next Documents
Previous: 2026-02899 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend the FINRA Capital Acquisition Broker (“CAB”) Rules
FINRA just updated the rules for Capital Acquisition Brokers (CABs), letting them work with more types of investors and handle private company control changes. These changes also clarify how CABs get paid and let their team join private securities deals under certain rules. The new rules kick in soon, making it easier and clearer for CABs to connect buyers and sellers of unregistered securities.
Next: 2026-02901 — Determination of Regulatory Review Period for Purposes of Patent Extension; BLUJEPA
The FDA has officially set the review period for BLUJEPA, a human drug, which helps the company extend its patent protection. This means the drug maker could get more time to exclusively sell BLUJEPA, potentially affecting competition and profits. If anyone thinks the dates are wrong or the company wasn’t diligent, they can speak up by April 14 or August 12, 2026.