The Securities and Exchange Commission (SEC) has published a notice regarding a rule change proposed by NYSE American LLC. The proposal seeks to update the NYSE American Options Fee Schedule. It involves new ways for Initiating Participant Credits to be awarded under the CUBE Auctions and introduces a new rebate for ATP Holders qualifying for Tier B of the Professional Volume Incentive Program. This rule change aims to boost market activity and improve pricing and liquidity, benefiting all market participants. The SEC is inviting the public to comment on this proposed rule change.
Simple Explanation
The SEC is letting people know that a stock exchange wants to change how they charge and reward fees when people buy and sell options, which are special types of trades. It aims to make more people interested in trading and make the prices better, and everyone can say what they think about it.