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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 The proposal also includes cleaning up outdated language from past fee schedules to make them clearer.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.

The NYSE Arca, Inc. has proposed a temporary waiver of the Options Regulatory Fee (ORF) for all transactions cleared in the Customer range at the Options Clearing Corporation from December 1, 2024, to December 31, 2024. This waiver is intended to ensure that the ORF collections do not exceed the exchange's regulatory costs, as high trading volumes have increased ORF collections beyond projections, despite a rate reduction. The ORF is set to resume at its current rate on January 1, 2025, and the exchange will monitor costs to decide if further adjustments are necessary. Additionally, the exchange aims to remove outdated fee schedule language for clarity.

The Securities and Exchange Commission has received a proposal from Cboe BYX Exchange, Inc. to modify its Rule 11.24. The proposed changes aim to enhance the Retail Price Improvement Program by introducing an "Enhanced RPI Order" that could provide more price improvement opportunities for retail investors. This new order type allows participants to post orders at their limit price and offer better pricing to beat other resting orders, potentially leading to better execution for small investors. The proposal also suggests expanding the program to include securities priced below $1.00, intending to attract more retail orders to the exchange.