In a notice published by the Securities and Exchange Commission, NYSE American LLC proposed a rule change to its Options Fee Schedule, specifically altering volume thresholds and fees on its Market Maker Sliding Scale. This proposed change was filed on December 20, 2024, and is set to take effect on January 2, 2025. The Commission is inviting public comments on the proposal, which can be submitted electronically or by mail until January 31, 2025. All comments should reference file number SR-NYSEAMER-2024-82.
Simple Explanation
The company that looks after a part of the stock market wants to change some of the rules about how much money people pay when they make a lot of trades. They are telling everyone about this change and want people to say what they think by the end of January.