Search Results for keywords:"trading fees"

Found 4 results

Search Results: keywords:"trading fees"

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  • 2025-02500 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-Phlx-2024-66
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    Type:Notice
    Citation:90 FR 9451
    Reading Time:about 3 minutes

    Nasdaq PHLX LLC, known as the Exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to delay the implementation of a new Options Regulatory Fee (ORF) and its accompanying methodology. This delay pushes the start of the new ORF to June 1, 2025, and it will end on December 1, 2025. Additionally, starting March 1, 2025, the Exchange plans to revert its ORF to $0.0034 per contract side. The SEC is inviting public comments on this proposal, which aims to ensure the change aligns with regulations.

    Simple Explanation

    Nasdaq PHLX is asking for more time before starting a new fee for options trading that was supposed to begin soon. They plan to charge a small amount, $0.0034, each time someone trades an option, and want to make sure everything is set up right before it starts.

  • 2024-30165 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
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    Type:Notice
    Citation:89 FR 103900
    Reading Time:about 12 minutes

    The Securities and Exchange Commission has announced that NYSE Arca, Inc. filed a proposed rule change to modify its options fee schedule. This change increases the fee for manual executions by NYSE Arca Market Makers from $0.35 to $0.50 per contract. The adjustment aims to align NYSE Arca’s fees with those of at least one competing exchange. The market is highly competitive, with no single exchange gaining considerable pricing power, so this change is not expected to impose any undue competitive burden.

    Simple Explanation

    NYSE Arca, a company that runs a special place where people trade things called options, is raising the price for some of their helpers, called Market Makers, to do their job by a little bit. This change makes their costs more like at least one other similar trading place, and it's not a big deal because lots of other places do this too, so it won't make things unfair.

  • 2025-04073 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Fees for Directed Orders Routed by the Exchange to an Algorithm
    Type:Notice
    Citation:90 FR 12199
    Reading Time:about 3 minutes

    The New York Stock Exchange LLC (NYSE) has proposed a rule change to amend its Price List by introducing fees for Directed Orders that the Exchange routes to an algorithm. This rule change, which NYSE filed on February 27, 2025, with the Securities and Exchange Commission (SEC), is designated for immediate effect starting March 3, 2025. The SEC is inviting the public to submit comments on this proposal until April 4, 2025, and comments can be submitted through various online platforms or by mail. The SEC will review all comments and decide whether the proposed rule should be approved or not.

    Simple Explanation

    The New York Stock Exchange wants to start charging new fees for certain types of orders that are special and get routed through a computer algorithm. They're asking people to share their thoughts about this idea, but they haven't told us exactly how much the fees will be or why the change needs to happen so quickly.

  • 2020-29134 — Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
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    Type:Notice
    Citation:86 FR 327
    Reading Time:about 25 minutes

    The Miami International Securities Exchange LLC (MIAX Options) has proposed changes to its fee schedule to extend the waiver for certain non-transaction fees applicable to Market Makers trading solely in Proprietary Products, including options on the SPIKES Index, until March 31, 2021. The fees waived include Membership Application fees, Trading Permit fees, API Testing and Certification fees, and MEI Port fees. The aim of these waivers is to encourage Market Makers to trade these Proprietary Products, thereby increasing market liquidity. The Securities and Exchange Commission (SEC) has published this notice to solicit comments from the public on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange is letting some traders skip paying certain fees until the end of March 2021 to help them trade special products more easily and make the market busier. However, some people might think it's unfair because not everyone gets these fee breaks.