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New York Stock Exchange

Price List 2022 Page1 of 40 New york Stock ExchangePrice List 2022 Price List 2022 Page2 of 40 Last Updated: May 2, 2022 Transaction Fees*Regular Session Trading1 Transactions in stocks with a per share Stock price of $ or moreNon- tier Adding Credit Equity per Share Credit - per transaction - for allorders, other than Mid-Point Liquidity ( MPL ) and Non-Displayed Limit Ordersthat add liquidity to the NYSE unless a higher credit applies$ Credit for Non-Displayed Limit Orders when adding liquidity to theNYSE unless a higher credit creditIf the member organization has Adding ADV in Non-Displayed Limit Ordersthat is at least of Tapes A, B and C CADV combined, excluding anyliquidity added by a DMM.$ the member organization has Adding ADV in Non-Displayed LimitOrders that is at least of Tapes A, B and C CADV combined, excludingany liquidity added by a DMM.$ the member organization has Adding ADV in Non-Displayed LimitOrders and MPL Orders in Tapes A, B and C CADV combined, excluding anyliquidity added by a DMM, that is at least of NYSE CADV over thatmember organization s May 2020 adding liquidity in Non-Displayed LimitOrders and MPL Orders taken as a percentage of NYSE CADV.

May 02, 2022 · Non-Tier MOC/LOC: For all MOC and LOC orders from any member organization in the prior three billing months that do not meet the Tier 1, Tier 2, or Tier 3 requirements above, the following rates shall apply. MOC Orders: $0.0010 MOC Orders Executed by a Floor broker: $0.0005, unless lower tiered fee applies LOC Orders: $0.0011 MOC and LOC Orders ...

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Transcription of New York Stock Exchange

1 Price List 2022 Page1 of 40 New york Stock ExchangePrice List 2022 Price List 2022 Page2 of 40 Last Updated: May 2, 2022 Transaction Fees*Regular Session Trading1 Transactions in stocks with a per share Stock price of $ or moreNon- tier Adding Credit Equity per Share Credit - per transaction - for allorders, other than Mid-Point Liquidity ( MPL ) and Non-Displayed Limit Ordersthat add liquidity to the NYSE unless a higher credit applies$ Credit for Non-Displayed Limit Orders when adding liquidity to theNYSE unless a higher credit creditIf the member organization has Adding ADV in Non-Displayed Limit Ordersthat is at least of Tapes A, B and C CADV combined, excluding anyliquidity added by a DMM.$ the member organization has Adding ADV in Non-Displayed LimitOrders that is at least of Tapes A, B and C CADV combined, excludingany liquidity added by a DMM.$ the member organization has Adding ADV in Non-Displayed LimitOrders and MPL Orders in Tapes A, B and C CADV combined, excluding anyliquidity added by a DMM, that is at least of NYSE CADV over thatmember organization s May 2020 adding liquidity in Non-Displayed LimitOrders and MPL Orders taken as a percentage of NYSE CADV.

2 $ if an increase of atleast and less $ if an increase of atleast and less $ if an increase of atleast or moreFloor broker cross trades ( , a trade where a Floor broker executescustomer orders to buy and sell an equivalent amount of the same security) Equity per Share Credit - per transaction (credited to both sides)$ agency transactions between floor brokers in the crowd Equityper Share Credit per transaction (credited to both sides)$ agency transactions of Floor brokers that execute against theBook intraday ( , other than at the open or close) - Equity per Share Credit per transaction$ *For purposes of determining transaction fees and credits based on quoting and/or liquidity levels, average daily volume ( ADV ), andconsolidated ADV ( CADV ), the Exchange may exclude shares traded any day that (1) the Exchange is not open for the entiretrading day, (2) is the date of the annual reconstitution of the Russell Investments Indexes, and/or (3) a disruption affects anExchange system that lasts for more than 60 minutes during regular trading hours.

3 Unless otherwise specified, references tovolumes, quoting, ADV and CADV herein refer to Tape A not apply to transactions by members acting as a Designated Market Maker for own List 2022 Page3 of 40 Executions at the Open Equity per share Charge2 per transaction (bothsides).$ $ (Floorbrokerexecutions)$ (designated with aRetail Modifier as defined inRule 13 ( Retail Modifier ))Executions at the Close Equity Per Share Charge per transaction (bothsides) Closing Offset ( CO ) OrdersNo ChargeMOC/LOC tier 1:For all MOC and LOC orders from any member organization in the prior threebilling months executing an ADV4of MOC activity on the NYSE of at of NYSE (Tape A) CADV, ADV4of the member organization s totalclose activity (MOC/LOC and other executions at the close) on the NYSE of atleast of NYSE CADV, and whose MOC activity comprised at least 35%of the member organization s total close activity (MOC/LOC and otherexecutions at the close).MOC Orders: $ Orders: $ tier 2:For all MOC and LOC orders from any member organization in the prior threebilling months executing an ADV4of MOC activity on the NYSE of at of NYSE (Tape A) CADV, ADV4of the member organization s totalclose activity (MOC/LOC and other executions at the close) on the NYSE of atleast of NYSE (Tape A) CADV, and whose MOC activity comprised atleast 35% of the member organization s total close activity (MOC/LOC andother executions at the close).

4 MOC Orders: $ Orders: $ tier 3:For all MOC and LOC orders from any member organization in the currentbilling month executing an ADV4of MOC activity on the NYSE of at of NYSE (Tape A) CADV, ADV4of the member organization s totalclose activity (MOC/LOC and other executions at the close) on the NYSE of atleast of NYSE (Tape A) CADV, and whose MOC activity comprised atleast 35% of the member organization s total close activity (MOC/LOC andother executions at the close).MOC Orders: $ Orders: $ MOC/LOC:For all MOC and LOC orders from any member organization in the prior threebilling months that do not meet the tier 1, tier 2, or tier 3 requirementsabove, the following rates shall Orders: $ Orders Executed by aFloor broker: $ , unlesslower tiered fee appliesLOC Orders: $ and LOC Orders with aRetail Modifier: $ ,unless lower tiered fee applies2$35,000 cap per month per member organization provided that the member organization executes an average daily trading volume( ADV ) that adds liquidity to the NYSE during the billing month ( Adding ADV ), excluding liquidity added by a Designated MarketMaker, of at least five million List 2022 Page4 of 40 Incremental Discounts on MOC OrdersMember organizations that meet the requirements of the MOC/LOC Tiersabove can qualify for the following discounts on MOC Orders in the billingmonth.

5 If the member organization has an Adding ADV in Tapes A, B and C Securitiesas a percentage of Tapes A, B and C CADV, excluding any liquidity added bya DMM, that is at least ,orIf the member organization has an Adding ADV in Tapes A, B and C Securitiesas a percentage of Tapes A, B and C CADV, excluding any liquidity added bya DMM, that is at least the member organization has an ADV of at least 250,000 shares enteredand executed by its affiliated Floor per sharediscount on MOC orders of:$ $ $ at the Close:For D Orders, Floor broker executions swept into the close, including verbalinterest, and executions at the close, excluding MOC Orders, LOC Orders andCO first 750,000 ADV4of theaggregate of executions at theclose by a Charge9 After the first 750,000 ADV ofthe aggregate of executions atthe close by a memberorganization D Orderslast modified10bythe member organizationearlier than 25 minutesbefore the scheduled closeof $ D Orders last modified10from 25 minutes up to butnot including 3 minutesbefore the scheduled closeof trading.

6 $ D Orders last modified10inthe last 3 minutes beforethe scheduled close $ (Firms in MOC/LOC Tiers 1and 2, both with AddingADV of at least ofTape A CADV)..$ (All other firms) Orders from continuoustrading swept into $ per Share Charge3 per transaction MPL orders that remove liquidityfrom the NYSE (Adding tier Credits do not apply) and with no Retail Modifier.$ per Share Charge3 per transaction for MPL orders that removeliquidity from the NYSE (Adding tier Credits do not apply) and with a RetailModifier$ shares, rights and List 2022 Page5 of 40 Equity per Share Credit per transaction for all MPL ordersin Tapes A, Band C securities, other than MPL orders from Designated Market Makers( DMMs ), that add liquidity to the NYSE (Adding tier Credits do not apply)Unless the higher credit set forth immediately below applies$ the member organization has Adding ADV in MPL orders that is at of Tapes A, B and C CADV combined, excluding any liquidity addedby a DMM$ the member organization has Adding ADV in MPL orders that is at of Tapes A, B and C CADV combined, excluding any liquidity addedby a DMM$ the member organization has Adding ADV in MPL orders that is at of Tapes A, B and C CADV combined or an Adding ADV in MPLorders of million shares, excluding any liquidity added by a DMM$ 1 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders that add liquidity tothe NYSE if the Member Organization (i) has Adding ADV which shall excludeany liquidity added by a DMM that is at least of NYSE CADV, and (ii)executes MOC and LOC orders of at least of NYSE CADV.

7 $ 2 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders that add liquidity tothe NYSE if the Member Organization (i) has Adding ADV that is at of NYSE CADV, and (ii) executes MOC and LOC orders of at of NYSE CADV or executes an ADV during the billing month of at leastone million shares in Retail Price Improvements Orders.$ 3 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders, that add liquidity ifthe Member Organization has an Adding ADV, excluding SLP and as a DMMA dding ADV, that is at least of NYSE CADV.$ 4 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders that add liquidity tothe NYSE if the Member Organization either (A)(i) has an Adding ADV that isat least of NYSE CADV, and (ii) executes MOC and LOC orders of atleast of NYSE CADV, or (B)(i) has an Adding ADV that is at of NYSE CADV, (ii) executes MOC and LOC orders of at least ofNYSE CADV, and (iii) has an Adding ADV in MPL orders of at least 200,000shares.

8 $ 5 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders, that add liquidity ifthe Member Organization s Adding ADV, excluding liquidity added as anSupplemental Liquidity Provider and as a DMM, is at least of NYSECADV.(i) at least of NYSE CADV, or(ii) at of NYSE CADV (2) times more than the Member Organization s AddingADV in Tape A Securities in Q1 2021 as a percentage ofNYSE CADV.$ List 2022 Page6 of 40 tier 6 Adding Credit Equity per Share Credit per transaction for allorders, other than MPL and Non-Display Reserve orders, that add liquidity ifthe Member Organization s Adding ADV, excluding liquidity added as aSupplemental Liquidity Provider and as a DMM, is at least either:(i) of NYSE CADV, or(ii) of NYSE CADV that is at least of NYSE CADV abovethe Member Organization s Q1 2021 adding liquidity as a percentageof NYSE CADV.$ Up tier 1 Adding Credit Equity per Share Credit per transaction forall orders, other than MPL and Non-Displayed Limit Orders, that add liquidityto the NYSE if the Member Organization has Adding ADV, excluding anyliquidity added by a DMM, that is (i) at least of NYSE CADV, and (ii) atleast of NYSE CADV over that Member Organization s March 2019adding liquidity taken as a percentage of NYSE CADV.

9 $ if an Adding ADV ofat least and less of NYSE CADV$ if an Adding ADV ofat least of NYSECADV and at least ofNYSE CADV over thatMember Organization sMarch 2019 adding liquiditytaken as a percentage ofNYSE CADVStep Up tier 2 Adding Credit Equity per Share Credit per transaction forall orders, other than MPL and Non-Displayed Limit Orders, that add liquidityto the NYSE if the Member Organization quotes at least 15% of the NBBO in300 or more Tape A securities on a monthly basis and has Adding ADV inTapes A, B and C securities as a percentage of Tapes A, B and C CADV,excluding any liquidity added by a DMM, that(i)is at least times more than the Member Organization s AddingADV in Tapes A, B and C securities in July 2019 as a percentage ofTapes A, B and C CADV,(ii)adds liquidity as an Supplemental Liquidity Provider in Tape Asecurities of at least of NYSE CADV, and(iii) exceeds the Member Organization s Adding ADV, excluding anyliquidity added by a DMM, in Tapes A, B and C securities in July2019 as a percentage of Tapes A, B and C CADV by at least Tapes A, B and C Tapes A, B and Csecurities:$ if an increase of atleast and less $ if an increase of atleast and less $ if an increase of atleast and less $ if an increase of atleast or morePrice List 2022 Page7 of 40 Step Up tier 3 Adding Credit Incremental Equity per Share Credit pertransaction for all orders from a qualifying member organization marketparticipant identifier ("MPID") or mnemonic that sets the NBBO or a new BBOif the MPID or mnemonic.

10 (i) has Adding ADV in Tapes A, B and C Securities as a percentage of TapesA, B and C CADV, excluding any liquidity added by a DMM, that is at least50% more than the MPID s or mnemonic s Adding ADV in Tapes A, B and Csecurities in June 2020 as a percentage of Tapes A, B and C CADV, and(ii) is affiliated with an Supplemental Liquidity Provider that has an AddingADV in Tape A securities at least of NYSE CADV, and(iii) has Adding ADV in Tape A securities as a percentage of NYSE CADV,excluding any liquidity added by a DMM, that is at least incremental credit does not count toward the combined limit on SLPcredits of $ per share provided for in the Incremental Credit per Sharefor affiliated SLPs whereby SLPs can qualify for incremental credits of$ , $ or $ MPIDs or mnemonics of qualifying member organizations that are SLPs ina month where Tape A, Tape B and Tape C CADV combined equals orexceeds billion shares per day for the billing month, CADV for that monthwill be subject to a cap of billion shares per day for the billing month, andin a month where NYSE CADV equals or exceeds billion shares per dayfor the billing month, NYSE CADV for that month will be subject to a cap of shares per day for the billing month.


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