Type:Notice
Citation:86 FR 12053
Reading Time:about 21 minutes
The Securities and Exchange Commission (SEC) is considering a proposal from NYSE American LLC to change how fees are charged for a new option trading feature. This feature, called "AON CUBE," is designed for larger orders in the Options market and offers a new pricing structure. The proposal aims to encourage more trade on their platform by making it financially appealing for traders to use this new feature. The SEC is inviting public comments to help decide whether this proposal should be approved or modified.
Simple Explanation
The NYSE wants to change how they charge for a new tool that helps people buy and sell lots of options at once. The SEC is asking people what they think about this change to make sure it's fair for everyone.