24 Apr 2025
📈NYSE American Waives Options Fee Cap for April 2025
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 Waive the Combined Cap on Floor Broker Credits Paid for QCC Trades and Rebates Paid Through the Manual Billable Rebate Program for the Month of April 2025
Summary
The NYSE American proposes to waive the combined cap on Floor Broker credits for QCC trades for April 2025, encouraging continued order flow to the Exchange amidst heightened market activity. This adjustment aims to enhance liquidity and incentivize brokers to maintain transactions on the Exchange, thereby improving market quality for participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The modification of the NYSE American Options Fee Schedule to waive the cap on Floor Broker credits for April 2025 may lead to increased liquidity and competitiveness in the options market, directly impacting Floor Brokers and firms involved in QCC trades. This change could incentivize businesses to direct more order flows to NYSE, benefiting overall transaction volumes.