THE NEW YORK STOCK EXCHANGE AND THE COMMISSION RATE STRUGGLE
♦Member, California Bar. 1. The NYSE commission rates and service charges are set forth in art. XV of the NYSE Constitution. See CCH NYSE Guide fl 1701. 2. This is the famous NYSE Rule 394, CCH NYSE Guide fl2394. The Exchange has issued a blanket exemption from the rule for most listed, guaranteed and preferred stocks. The list is published in CCH NYSE Guide fl 2394.10. Members are expected to execute transactions in these stocks on the Exchange unless a better market exists elsewhere, taking into account the price and size of the transaction. Subject to these restrictions, members may use the Third Market in these stocks if a better execution may be obtained.