The Securities and Exchange Commission has published a notice regarding a rule change proposed by NYSE American LLC. The exchange aims to modify its Options Fee Schedule by increasing the manual transaction fee for Specialists and e-Specialists from $0.30 to $0.50 per contract. Additionally, the exchange plans to remove outdated text about the Options Regulatory Fee and the NYSE FANG+ Index. The proposed changes are set to take immediate effect on March 7, 2025, and the public is invited to submit comments on the proposal until April 4, 2025.
Simple Explanation
The NYSE American is changing its rules so that people who help trade options (called "Specialists and e-Specialists") have to pay a bit more money each time they help trade. They're also getting rid of some old rules that they don't need anymore. People can share their thoughts about these changes until early April.