NYSE Arca Slashes Routing Fees for Options Traders Overnight
Published Date: 12/1/2025
Notice
Summary
NYSE Arca is changing its options trading fees starting November 24, 2025. These updates tweak prices and perks for firms and broker-dealers, and floor brokers won’t have to pay routing fees anymore. If you trade options on NYSE Arca, these changes could affect your costs right away!
Analyzed Economic Effects
5 provisions identified: 4 benefits, 0 costs, 1 mixed.
Bigger Penny-issue Posting Credit
NYSE Arca will increase the per-contract liquidity-adding credit for Firm and Broker-Dealer electronic executions in Penny Issues from ($0.10) to ($0.28), effective November 24, 2025. This change raises the payment Firms and Broker-Dealers receive when they add liquidity in Penny Issues.
Zero Fee for Non-Penny Liquidity Adds
NYSE Arca will remove the per-contract fee for Firm and Broker-Dealer electronic liquidity-adding executions in non-Penny Issues by reducing the fee from $0.50 to $0.00, effective November 24, 2025. Firms and Broker-Dealers will no longer be charged that $0.50 per contract fee for adding liquidity in non-Penny Issues.
Floor Brokers Exempt From Routing Fees
NYSE Arca will exempt Floor Brokers from Routing Fees that they might incur when routing orders away from the Exchange to honor away market interest, effective November 24, 2025. The Exchange says this exemption is intended to incentivize Floor Brokers to increase or maintain open outcry activity on the Trading Floor.
Penny Posting Tier Changes
The Exchange will modify Firm and Broker-Dealer Penny Posting Credit Tiers: it will align the Base credit to the increased per-contract credit and eliminate the existing Tier 1 (which currently required at least 0.15% of TCADV). The Exchange will also rename the existing Tier 2 as Tier 1, effective November 24, 2025.
Elimination of Incentive Program
NYSE Arca proposes to eliminate the Firm and Broker Incentive Program (the program that provided additional credits such as $0.03 or $0.05 for meeting thresholds like 0.30% ADV or 0.85% TCADV) effective November 24, 2025. The Exchange says it will remove this program because it considers the other credit/fee changes sufficient incentive.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in