Search Results for keywords:"options fee schedule"

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.

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.

The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.