Search Results for keywords:"trading fees"

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Search Results: keywords:"trading fees"

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  • 2025-02500 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-Phlx-2024-66
    💰
    Type:Notice
    Citation:90 FR 9451
    Reading Time:about 3 minutes

    Nasdaq PHLX LLC, known as the Exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to delay the implementation of a new Options Regulatory Fee (ORF) and its accompanying methodology. This delay pushes the start of the new ORF to June 1, 2025, and it will end on December 1, 2025. Additionally, starting March 1, 2025, the Exchange plans to revert its ORF to $0.0034 per contract side. The SEC is inviting public comments on this proposal, which aims to ensure the change aligns with regulations.

    Simple Explanation

    Nasdaq PHLX is asking for more time before starting a new fee for options trading that was supposed to begin soon. They plan to charge a small amount, $0.0034, each time someone trades an option, and want to make sure everything is set up right before it starts.

  • 2020-29134 — Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
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    Type:Notice
    Citation:86 FR 327
    Reading Time:about 25 minutes

    The Miami International Securities Exchange LLC (MIAX Options) has proposed changes to its fee schedule to extend the waiver for certain non-transaction fees applicable to Market Makers trading solely in Proprietary Products, including options on the SPIKES Index, until March 31, 2021. The fees waived include Membership Application fees, Trading Permit fees, API Testing and Certification fees, and MEI Port fees. The aim of these waivers is to encourage Market Makers to trade these Proprietary Products, thereby increasing market liquidity. The Securities and Exchange Commission (SEC) has published this notice to solicit comments from the public on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange is letting some traders skip paying certain fees until the end of March 2021 to help them trade special products more easily and make the market busier. However, some people might think it's unfair because not everyone gets these fee breaks.

  • 2024-30165 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
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    Type:Notice
    Citation:89 FR 103900
    Reading Time:about 12 minutes

    The Securities and Exchange Commission has announced that NYSE Arca, Inc. filed a proposed rule change to modify its options fee schedule. This change increases the fee for manual executions by NYSE Arca Market Makers from $0.35 to $0.50 per contract. The adjustment aims to align NYSE Arca’s fees with those of at least one competing exchange. The market is highly competitive, with no single exchange gaining considerable pricing power, so this change is not expected to impose any undue competitive burden.

    Simple Explanation

    NYSE Arca, a company that runs a special place where people trade things called options, is raising the price for some of their helpers, called Market Makers, to do their job by a little bit. This change makes their costs more like at least one other similar trading place, and it's not a big deal because lots of other places do this too, so it won't make things unfair.