The Securities and Exchange Commission (SEC) has announced a proposed rule change by NYSE Arca, Inc. The rule aims to modify the fee schedule for options trading by increasing the fee for manual transactions executed by Lead Market Makers from $0.30 to $0.50 per contract and removing outdated text concerning the Options Regulatory Fee. This change will take effect on March 7, 2025, and the SEC is inviting public comments on this proposal until April 7, 2025. Interested parties can submit their views electronically or via mail, ensuring that their submissions are identified with the file number SR-NYSEARCA-2025-23.
Simple Explanation
The people in charge of the rules for stock trading want to make it a bit more expensive for special traders, called Lead Market Makers, to trade by hand. They want to change the cost from 30 cents to 50 cents for each trade, and they're also cleaning up some old stuff that doesn't matter anymore.