2025-11300Notice

NYSE American Streamlines ETF Options: Listing Rules Get a Lift

Published Date: 6/20/2025

Notice

Summary

NYSE American is updating its rules to make it easier and clearer to list options on Exchange-Traded Funds (ETFs). This change matches what Nasdaq ISE already does, helping traders and investors by simplifying the process. The new rule took effect right away on June 10, 2025, with no extra costs involved.

Analyzed Economic Effects

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

Easier, clearer ETF options listing

The Exchange changed Rule 915 to make it easier and clearer to list options on Exchange-Traded Funds (ETFs), aligning its criteria with Nasdaq ISE and NYSE Arca. You as an investor or trader who holds or trades ETFs may see simpler and more consistent listing criteria for ETF options.

Clarifies rules for international/global ETFs

The Exchange clarified that the special criteria in Commentary .06(b) apply only to ETFs based on international or global indexes or portfolios that include non-U.S. securities. For such ETFs, the rule explicitly states that non-U.S. component securities (or, if not available or applicable, the ETF's portfolio) may not in the aggregate represent more than 50% of the weight of the index or portfolio.

Rule effective immediately with no added costs

The Exchange filed the change on June 10, 2025 and the Commission designated the proposed rule change operative upon filing (effective June 10, 2025). The Exchange states the proposal does not impose any burden on competition and is intended to streamline rules without adding costs to market participants.

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Key Dates

Effective Date
Published Date
6/10/2025
6/20/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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