The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.
Simple Explanation
The NYSE American is giving some businesses a break by not charging them certain fees while they try to get back to normal after COVID-19. This means these businesses won't have to pay as much money each month to keep going.