19 Feb 2025
💰Proposed Rule Change Affecting Options Fees and Rebates
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Pricing in Options 7, Section 3 Regarding Fees and Rebates in SPY and Option 7, Section 4 Regarding Multiply Listed Options Fees
Summary
The SEC has published a notice regarding a proposed rule change by Nasdaq PHLX LLC to amend its pricing schedule for options trading. This includes new fees and rebates related to executing trades in SPY options and stock-option orders, aiming to enhance market efficiencies and participant engagement. Comments on the proposed changes are invited from interested parties.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes involve amending pricing structures related to options trading fees and rebates, directly impacting trading costs for business owners and firms involved in options trading. Increased fees could affect profitability, while rebates may encourage participation. Compliance with these new structures will be necessary for business operations.