Federal Register #SR-NYSE-2026-21

SEC Notice: NYSE Proposed Rule Change to Eliminate Certain Tiered Credits

This notice concerns a proposed regulatory change, not a procurement opportunity: - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor mentioned: New York Stock Exchange LLC (NYSE) - No products, services, part numbers, or purchase quantities are requested - The notice details a rule change to the NYSE Price List, specifically eliminating underutilized tiered credits for providing displayed liquidity in Tape A, B, and C securities - The change aims to improve clarity and transparency, as the incentives did not increase liquidity as intended - No procurement action, contract, or acquisition is involved

Description

The Securities and Exchange Commission has filed a proposed rule change by the New York Stock Exchange LLC to amend its Price List. The proposed change eliminates underutilized tiered credits for providing displayed liquidity to the Exchange in Tape A, B, and C securities. Specifically, it deletes Step Up Tiers 4 and 5 Adding Credits in Tape A securities and the associated adding step up tier credits for Tapes B and C securities. The fee changes are effective May 1, 2026, and aim to add clarity and transparency to the Price List by removing incentives that have not encouraged increased liquidity.

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