New York Stock Exchange Announces April 30 Start Date for New Exchange

The New York Stock Exchange, part of Intercontinental Exchange, announced that NYSE National, an electronic equities exchange, plans to commence trading on Monday, April 30, 2018.  As a trading-only venue, NYSE National will trade all U.S.-listed securities using a simple price/time priority allocation method similar to NYSE Arca, but it will be the NYSE’s only venue to offer a ‘taker-maker’ pricing model. This alternative fee structure will complement NYSE Group’s other markets and is intended to attract a new community of participants. NYSE National will operate using the U.S. exchange license that came as part of NYSE’s acquisition of the National Stock Exchange in 2017, and will run on the NYSE Pillar technology platform. NYSE also operates three listings exchanges - NYSE, NYSE American and NYSE Arca, which have unique market models designed for corporate and ETF issuers.