nyse market data fee schedule:A Comprehensive Overview of the NYSE Market Data Fee Schedule

The NYSE Market Data Fee Schedule: A Comprehensive Overview

The New York Stock Exchange (NYSE) is a leading global exchange for trading securities, with a rich history and a strong reputation in the financial industry. As part of its operations, the NYSE charges market data fees to members who access its market data services. These fees are designed to cover the costs associated with providing market data, such as maintaining a reliable and secure trading platform, and providing real-time price and trading volume information. In this article, we will provide a comprehensive overview of the NYSE market data fee schedule, including the various fees associated with access to the NYSE market data services, and the ways in which these fees are calculated and charged.

NYSE Market Data Fee Schedule

The NYSE market data fee schedule is complex and includes several different fees that apply to different types of market participants. The main types of market participants on the NYSE are members, non-member market makers, and non-member market participants. Each of these categories has its own set of fees and conditions associated with access to the NYSE market data services.

1. Members

Members are firms that are officially recognized as members of the NYSE and are entitled to use the NYSE trading floor for their securities transactions. Members are charged various fees related to access to the NYSE market data services, including the following:

- Market Data Service Fee: This fee is charged for each exchange transaction by a member, and is calculated based on the number of shares traded and the type of transaction (e.g., ordinary, special, or excess trading).

- Market Data Service Fee for Algo Trading: This fee is charged for algo trading transactions by members, and is calculated based on the number of shares traded and the duration of the trading session.

- Market Data Service Fee for Algo Trading in ECF Stocks: This fee is charged for algo trading transactions in Exchange Choice Funding (ECF) stocks by members, and is calculated based on the number of shares traded and the duration of the trading session.

2. Non-member Market Makers

Non-member market makers are firms that are not officially recognized as members of the NYSE, but are authorized to trade on the NYSE as market makers. Non-member market makers are charged various fees related to access to the NYSE market data services, including the following:

- Market Data Service Fee: This fee is charged for each exchange transaction by a non-member market maker, and is calculated based on the number of shares traded and the type of transaction.

- Market Data Service Fee for Algo Trading: This fee is charged for algo trading transactions by non-member market makers, and is calculated based on the number of shares traded and the duration of the trading session.

3. Non-member Market Participants

Non-member market participants are firms that are not officially recognized as members of the NYSE or authorized to trade on the NYSE as market makers. Non-member market participants are charged various fees related to access to the NYSE market data services, including the following:

- Market Data Service Fee: This fee is charged for each exchange transaction by a non-member market participant, and is calculated based on the number of shares traded and the type of transaction.

- Market Data Service Fee for Algo Trading: This fee is charged for algo trading transactions by non-member market participants, and is calculated based on the number of shares traded and the duration of the trading session.

Calculation of Market Data Fees

The market data fees charged by the NYSE are calculated based on the number of shares traded and the type of transaction. For example, the market data service fee for ordinary transactions is calculated as a percentage of the number of shares traded, while the market data service fee for special, excess, and algo trading transactions is calculated based on a flat fee per transaction.

The market data fees for non-member market makers and non-member market participants are calculated in a similar manner, using the number of shares traded and the type of transaction as the basis for the fee.

The NYSE market data fee schedule is complex and includes various fees for different types of market participants. Members and non-member market makers are charged different fees based on their status and the types of transactions they conduct on the NYSE. Non-member market participants are also charged fees for accessing the NYSE market data services. It is important for market participants to understand the details of the NYSE market data fee schedule to ensure they are complying with the rules and paying the appropriate fees.

In conclusion, the NYSE market data fee schedule plays an important role in covering the costs associated with providing market data services on the NYSE. By understanding the fee schedule and complying with the relevant rules, market participants can ensure they are appropriately charged for accessing the NYSE market data services.