Search Results for keywords:"Floor Broker Fixed Cost Prepayment Incentive Program"

Found 2 results

Search Results: keywords:"Floor Broker Fixed Cost Prepayment Incentive Program"

💰 Only
Oldest Newest
  • 2025-04160 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule To Amend the Floor Broker Fixed Cost Prepayment Incentive Program
    Type:Notice
    Citation:90 FR 12386
    Reading Time:about 3 minutes

    The NYSE American LLC has notified the Securities and Exchange Commission (SEC) about a change to its fee structure for the NYSE American Options. This change aims to adjust the Floor Broker Fixed Cost Prepayment Incentive Program by lowering one of the manual billable qualification thresholds, introducing a new combined manual billable and QCC billable qualification threshold, and introducing a trial incentive for certain manual executions. These modifications are intended to take effect on March 7, 2025. The SEC is inviting public comments on this proposed rule change by April 7, 2025.

    Simple Explanation

    The NYSE American is changing some of its rules about how much money brokers have to pay when they trade. They're lowering some requirements and trying out a new way to give bonuses, starting March 7, 2025. People are invited to say what they think about these changes by April 7, 2025.

  • 2025-01623 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend the NYSE American Options Fee Schedule
    Type:Notice
    Citation:90 FR 8071
    Reading Time:about 4 minutes

    The Securities and Exchange Commission published a notice regarding a proposed change submitted by the NYSE American LLC. The change aims to update the NYSE American Options Fee Schedule by modifying the Floor Broker Fixed Cost Prepayment Incentive Program. This includes changes like increasing required volumes for certain credits and introducing new rebates. The proposal, filed on January 15, 2025, is intended to take immediate effect, and the Commission is seeking public comments on this proposal by February 13, 2025.

    Simple Explanation

    The SEC is letting everyone know that the NYSE American wants to change some rules about how much money brokers pay and earn on certain deals to make things fairer. People can tell the SEC what they think about this change until February 13, 2025.