The Securities and Exchange Commission (SEC) is reviewing a proposed rule change filed by NYSE American LLC to amend its Options Fee Schedule. This change involves adjusting the credit levels for specific transactions in the American Customer Engagement (ACE) Program, aiming to encourage greater order flow and market participation. The proposed rate amendment would take effect as of January 13, 2021, and seeks to maintain competitiveness while providing incentives for increased trading activity on the exchange. Public comments are invited to provide input on the proposal before it is finalized.
Simple Explanation
Imagine a big store called the NYSE, where people buy and sell things called options. This store wants to change the price it charges so more people will come to buy and sell. They're asking people what they think about this new price before they decide to use it.