Search Results for keywords:"options fee schedule"

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Search Results: keywords:"options fee schedule"

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  • 2021-01588 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule Regarding the Limits on Fees for Options Strategy Executions
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    Type:Notice
    Citation:86 FR 7152
    Reading Time:about 16 minutes

    The Securities and Exchange Commission has received a proposed rule change from NYSE Arca, Inc. to amend its options fee schedule. The change aims to lower the cap on fees for certain options strategy executions from $1,000 to $200 for OTP Holders trading at least 25,000 monthly contract sides. This move is intended to motivate OTP Holders to increase their trading volume on the Exchange, which could enhance market depth, tighten bid-ask spreads, and improve price discovery. The Exchange believes this proposal encourages competition by making NYSE Arca a more attractive venue for strategy executions.

    Simple Explanation

    The big money people who buy and sell options (a kind of stock trading) at a place called NYSE Arca might have to pay less for certain kinds of trades if they do a lot of trading each month. This is supposed to make more people want to trade there because it could make the trading easier and more fair for everyone.

  • 2024-29926 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Fee Schedule LLC To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
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    Type:Notice
    Citation:89 FR 103013
    Reading Time:about 25 minutes

    MIAX Pearl, LLC has submitted a proposed rule to the Securities and Exchange Commission (SEC) to introduce a fee for market participants who wish to use a dedicated cross connection to access its testing systems environment. This environment lets members test new software and trading setups before they are applied to live trading. While the new fee for accessing via a cross connection would be set at $1,000 per month, users still have the option to access the testing environment using a free virtual private network (VPN) connection, offering a similar experience without the additional cost. The proposed fee establishes a uniform cost regardless of connection capacity and is considered to be in line with or cheaper than fees charged by other exchanges.

    Simple Explanation

    MIAX Pearl is asking for a new rule where companies can pay $1,000 each month to use a special, fast connection to test their trading systems, even though they can still test for free using a slower connection.