17 Mar 2025
💰NYSE American Proposes Changes to Options Fee Schedule
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule To Amend the Floor Broker Fixed Cost Prepayment Incentive Program
Summary
The NYSE American LLC has filed a proposed rule change to amend its Options Fee Schedule. The changes include adjustments to the Floor Broker Fixed Cost Prepayment Incentive Program, with the aim of modifying qualification thresholds and introducing new incentives for manual executions. The rule change is available for public comment and is effective immediately.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change modifies the NYSE American Options Fee Schedule, impacting floor brokers by adjusting fee structures and qualification thresholds. This can affect business costs and operating strategies for brokers, presenting both potential cost savings and compliance considerations.