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.