NYSE Exchange Fees: Why do some firms charge them and some don't?

Discussion in 'Order Execution' started by john_nyc_trader, Jan 6, 2009.

  1. I have an account at a prop firm and they charge me "NYSE Exchange Fees" when I execute on the NYSE. However, I also have an account with Goldman using REDI+ and they don't charge me those fees. Is it because Goldman is a NYSE (electronic) member?
  2. Anyone?
  3. I think NYSE exchange fees are like ECN fees, Goldman might have them accounted for in a "all-in" type commission which is why you don't see them being charged? Semi-guessing here.

    I can't imagine the fees are that much, IB quotes them as being 0.0008 for removing liquidity.
  4. tomu


    As I recall, Goldman didn't give a breakdown of all your Exchange and ECN fees. They just billed you a lump sum at the end of the month that accounted for all fees for that month. Unless they changed things in the past 2 or 3 years you are probably being billed for the NYSE fee in a lump charge at the end of the month, because everyone gets billed for it even NYSE members.