Subject to final SEC approval, the NYSE has adopted several changes to its Fee Schedule, that went into effect today, Thursday.  NYSE is introducing a new tier of pricing that offers a lower fee for orders that take liquidity when firms step up their direct providing liquidity over their January 2012 volume (Benchmark Month).  To qualify for this tier, a member must meet the following criteria on a monthly basis:

Firms that step up their provide ADV by more than the greater of 20% or 0.075% of the current month’s Tape A Consolidated Average Daily Volume (“CADV”) above the Benchmark Month provide will pay a lower take fee on their taking volume of $.0022. The lower take fee is subject to a cap for firms whose ratio of provide volume-to-total volume in the Benchmark month is less than 10%.

DMM volume will not be included in any volume calculations for the Benchmark Month or the Step Up Tier.  Supplementary Liquidity Provider’s that add liquidity greater than 2.5% of CADV in an individual security will receive a rebate of $0.0024 up from $0.0022. Too many details to mention in this post - best to read for yourself - go to:    [NYSE Trader Updates, 2/29/12]. ________________________________________________ Meanwhile, NYSE Amex has effected fee changes, effective today. The fee for taking liquidity in Nasdaq UTP securities on NYSE Amex will be $0.0027 from $0.0004.  The rebate for clients providing liquidity in Nasdaq UTP securities on NYSE Amex will be $0.0030 from $0.0010.  The rebate for SLPs meeting quoting requirements in Nasdaq UTP securities on NYSE Amex will be $0.0031 from $0.0011.  The fee for routing Nasdaq UTP securities to other markets will be $0.0027 from $0.0025. For executions that remove liquidity or route to away markets in Nasdaq UTP securities with a per share price below $1.00 the fee will be 0.30% of total dollar value of the trade.  This trader update also contains too many details for us to reasonably relate.  Click the link below for all the details. For further details, go to:  [NYSE Trader, 2/29/12].