NYSE Arca Adjusts Ratio Threshold Auction Fee
Published Date: 6/16/2026
Notice
Summary
NYSE Arca is changing how it charges a special fee called the Ratio Threshold Fee, which affects certain auction-only stock orders during key market moments like the opening and closing auctions. This update tweaks when and how the fee applies, potentially impacting traders who use these auctions. The new fee rules kicked in right away on June 1, 2026, so market players should check their costs now!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Dual 500,000 Thresholds for Auction Fee
If you are an ETP Holder (a trading firm that sends orders to NYSE Arca), the Ratio Threshold Fee for Auction-Only Orders will now be charged only when BOTH your average daily cancelled shares and your average daily weighted cancelled shares each equal or exceed 500,000. This new rule took effect on June 1, 2026 and narrows when the fee applies during the Core Open and Closing Auction imbalance dissemination periods.
Fix for Zero-Execution Weighted Ratio
The Exchange changed the Weighted Ratio Shares Threshold calculation so that if an ETP Holder executes zero shares in an auction, the denominator will be set to 1. For example, an ETP Holder with 1,000,000 Weighted Ratio Shares and 0 executed shares would have a threshold of 1,000,000 under the revised rule, effective June 1, 2026.
Exchange Says Only Four Firms Affected Historically
NYSE Arca analyzed order entry from January through April 2026 and reported that only 4 ETP Holders would have incurred the Ratio Threshold Fee under the modified calculation. The Exchange stated it does not anticipate that additional ETP Holders would be subject to the fee after the recalibration.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
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!
2026-15831, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Market-Maker Tier Appointment Fees
2026-15841, Deregistration Under Section 8(f) of the Investment Company Act of 1940
Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On April 29, 2024, applicant made liquidating distributions to its shareholders based on net asset value. Expenses of $86,337 incurred in connection with the liquidation were paid by the applicant. Filing Date: The application was filed on July 13, 2026. Applicant's Address: c/o Massachusetts Financial Services Company, 111 Huntington Avenue, Boston, MA 02199-7618
Previous / Next Documents
Previous: 2026-12021, Privacy Act of 1974; System of Records
The Department of Veterans Affairs is updating how it handles complaint records in the Inspector General Hotline system to keep up with new technology and rules. This affects anyone who files complaints about VA programs, ensuring their info is stored and protected better. The changes take effect 30 days after this notice unless public comments suggest otherwise, with no extra costs involved.
Next: 2026-12023, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Partial Cabinet Solution Bundles
The New York Stock Exchange is updating its Partial Cabinet Solution bundles for co-location services by removing the 1 kW option and changing the price for the 2 kW bundle. This affects traders and firms using these services, who should note the new fees starting immediately. The changes aim to simplify choices and adjust costs to better fit current needs.