Type:Notice
Citation:89 FR 101674
Reading Time:about 18 minutes
The NYSE American LLC has proposed a temporary change to its Options Regulatory Fee (ORF). From December 1 to December 31, 2024, the ORF will be waived to ensure that the fees collected do not exceed the Exchange's regulatory costs due to high trading volumes. The ORF will resume on January 1, 2025, at the rate of $0.0038 per contract. The proposal also includes cleaning up outdated language from past fee schedules to make them clearer. The Securities and Exchange Commission (SEC) is seeking public comments on this rule change.
Simple Explanation
The NYSE American wants to stop charging a special fee for a month because they already have enough money from all the trading going on, and they plan to start charging it again next year.