NYSE Arca, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to modify its Options Fee Schedule. This proposal aims to adjust the qualification requirements for certain Customer Credit Tiers and a Customer Incentive Program by reducing the necessary average daily volume and excluding sub-dollar securities from being counted. The proposal is effective immediately, as of February 14, 2025, and seeks public comments until March 20, 2025. Interested parties can view the details on both the NYSE and SEC websites.
Simple Explanation
NYSE Arca wants to change how much stock people need to buy or sell to get certain rewards, and they're also not counting some very cheap stocks in their numbers. They made this change start right away, but people can still share their thoughts about it until March 20, 2025.