NYSE Arca Targets Bigger Traders.(New York Stock Exchange Inc.)

Traders,  January, 2008  by Mehta, Nina

Tags: New York Stock Exchange, trader

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NYSE Arca, faced with declining market share in Nasdaq-listed securities, took a page from its rival's book on the pricing front.

The exchange restructured its pricing matrix by adding a new rebate tier for active customers providing liquidity in Nasdaq-listed, or Tape C, securities.

Those using Arca to trade a daily average of 30 million shares in Tape C securities, including 15 million shares in liquidity provided, can now qualify for a 24-cent-per-100-shares rebate for their Tape C volume. That's 4 cents higher than Arca's base rebate and a turnabout by NYSE Euronext execs, ...

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