NSX Aims to Entice Institutional Buy-Side Flow with Lower Fee Structure
NSX is the 12th US stock exchange entrant, with IEX looming on the horizon.
After shuttering its trading operations in May 2014, the National Stock Exchange (NSX) relaunched its trading operations for equity securities and exchange-traded funds (ETFs) at the end of December.
On December 14, the Securities and Exchange Commission (SEC) approved NSX's bid to relaunch. The NSX, which was previously owned by CBOE Holdings and was bought by a consortium of investors, is doing away with the traditional maker-taker pricing system, in favor charging $0.00 to post liquidity and
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