2025-04160NoticeWallet

NYSE American Boosts Broker Incentives with New Fee Tweaks

Published Date: 3/17/2025

Notice

Summary

Starting March 7, 2025, NYSE American is tweaking its Options Fee Schedule to make it easier and more rewarding for floor brokers to prepay fixed costs. They’re lowering one volume threshold, adding a new combined volume target, and testing a fresh monthly incentive for certain trades. If you’re a floor broker, these changes could save you money and boost your rewards!

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Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Lower Manual Volume Threshold

If you are a floor broker, starting March 7, 2025 the NYSE American is decreasing one manual billable qualification threshold in its Floor Broker Fixed Cost Prepayment Incentive Program. This change is intended to make it easier for floor brokers to qualify under that part of the program.

New Combined Volume Qualification

If you are a floor broker, starting March 7, 2025 the NYSE American will add a new qualification threshold that counts combined manual billable and QCC billable volume for the Floor Broker Fixed Cost Prepayment Incentive Program. The new combined-volume target is a separate path to qualify under the Program.

Trial Monthly Incentive for Manual Executions

If you are a floor broker, starting March 7, 2025 the NYSE American will, on a trial basis, adopt a new incentive based on monthly executions of certain manual volume under the Floor Broker Fixed Cost Prepayment Incentive Program. The incentive is explicitly described as a trial and applies to monthly execution activity.

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Key Dates

Effective Date
Published Date
3/7/2025
3/17/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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