NYSE Gives Brokers Free Ride on Options Routing Fees
Published Date: 12/5/2025
Notice
Summary
Starting November 26, 2025, NYSE American is giving floor brokers a break by exempting them from the routing surcharge on options trades. This means floor brokers won’t have to pay extra fees when sending orders to other exchanges, saving them money. The change kicks in immediately and aims to make trading fairer and friendlier for those working right on the trading floor.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Floor Brokers Exempt From Routing Surcharge
If you work as a Floor Broker, starting November 26, 2025 you will be exempt from the NYSE American routing surcharge on options orders sent to other exchanges. This change means Floor Brokers won’t pay that extra routing fee when routing orders away from the Exchange and is intended to encourage open outcry activity and increase trading-floor liquidity.
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