The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today announced that NYSE National, a new electronic equities exchange, will commence trading on Monday, May 21, 2018.

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 National will be a trading-only venue. The New York Stock Exchange also operates three listings exchanges - NYSE, NYSE American and NYSE Arca, which have unique market models designed for corporate and ETF issuers.

More information on NYSE National.