What are New York Window fees?
What are New York Window fees?
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Flux · External communityPost link
External question — Personal Finance Stack Exchange
Author: Flux
Original post: https://money.stackexchange.com/questions/127256
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Someone told me that if the stock I want to buy/sell does not trade 100% electronically, my stock broker may need to handle physical share certificates. I was told that I could be charged a "New York Window" fee in connection with the handling of physical share certificates.
I may have misremembered some of details above, so my questions are:
Is there really a fee called a "New York Window fee"?
What exactly is this New York Window fee?
Who charges this fee? Is it my broker? A clearing firm? The stock exchange?
I tried to look on Wikipedia and Investopedia, but there are no results. I also tried Google, but none of the results are relevant to stocks.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Flux Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/127256 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Someone told me that if the stock I want to buy/sell does not trade 100% electronically, my stock broker may need to handle physical share certificates. I was told that I could be charged a "New York Window" fee in connection with the handling of physical share certificates. I may have misremembered some of details above, so my questions are: Is there really a fee called a "New York Window fee"? What exactly is this New York Window fee? Who charges this fee? Is it my broker? A clearing firm? The stock exchange? I tried to look on Wikipedia and Investopedia, but there are no results. I also tried Google, but none of the results are relevant to stocks.
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