Amex Rejiggers ETN Pricing

The American Stock Exchange has changed its transaction fees for exchange-traded notes (ETNs) to bring them in line with charges for exchange-traded funds. Previously, the instruments, which are linked to indexes, commodities, currencies, futures and combinations of the above, incurred transaction fees that apply to equities and are higher than ETF fees. As a result, fees for ETN transactions are going down to $0.0023 per share from $0.0030 a share. They are capped at $100 per transaction, which means that charges will be assessed only on the first 43,478 shares. Routed transactions will still incur $0.0030 a share fees and another $0.0004 per share will be added for transaction cleared at other market centers.