Fees going up on listed

The Fee should be:

  • add +.002, take -.003, route -.004

    Votes: 3 15.8%

  • just right

    Votes: 4 21.1%

  • Free, they are rich enough

    Votes: 7 36.8%

  • No fee

    Votes: 5 26.3%
  • Total voters
    19
Quote from cgtrader:

Can someone confirm that the over 5 minute extra fee is now gone and that there is no need to refresh orders or move them to an ECN?

That would be good news.
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I would also appreciate confirmation of this. Is the 5 minute rule gone?? Does this apply to ETFs also??
 
Yes, I'd like a link to a statement from the exchange pointing this out if someone has one. So far the few firms I've contacted have not adjusted for this change, and don't seem to know about it.
 
Now that alot of exchanges are going public I suspect that all fees and commissions will keep going up so they can beat estimates and the insiders can get filthy rich from their stock grants, as the consumers get the shaft, ah yes you gotta love the free markets.
 
Quote from myminitrading:

Now that alot of exchanges are going public I suspect that all fees and commissions will keep going up so they can beat estimates and the insiders can get filthy rich from their stock grants, as the consumers get the shaft, ah yes you gotta love the free markets.
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Will be similar to nasdaq in no time. :D
 
Quote from ntk:

I would also appreciate confirmation of this. Is the 5 minute rule gone?? Does this apply to ETFs also??
More...

Read the post that started this thread guys. It is a copy of the news release posted on the NYSE website,


"In conjunction with this filing, the NYSE will eliminate specialist commissions on transactions in their assigned NYSE-listed securities, including exchange traded funds (ETFs), and will implement a transaction revenue sharing program with specialist firms and also reduce specialists’ fixed costs through the elimination of certain fees[1]. NYSE Arca transaction pricing remains unchanged. "

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