NYSE Arca Lowers Fees for Penny Stock Options Traders
Published Date: 12/10/2025
Notice
Summary
Starting December 1, 2025, NYSE Arca is shaking up its options fees! Firms and broker-dealers trading penny stocks get a fresh new pricing tier, and market makers get extra rewards for adding liquidity in popular options like the iShares Russell 2000 ETF. These changes aim to make trading smoother and more cost-effective for the folks who keep the market buzzing.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New Penny-Issue Firm/Broker Tier
Starting December 1, 2025, NYSE Arca adds a new pricing tier for Firm and Broker-Dealer posted interest in Penny Issues. OTP Holders that execute at least 0.20% of Total Customer Average Daily Volume (TCADV) from Firm and Broker-Dealer posted interest in all issues would receive a credit of $0.32 per contract; affiliates may aggregate volume to qualify.
Market-Maker Incentive for IWM/QQQ/SPY
Effective December 1, 2025, NYSE Arca will pay Market Makers who post interest in IWM, QQQ, and SPY at least 0.90% of the total combined IWM, QQQ, and SPY industry average daily volume (ADV) in a calendar month. Such Market Makers would receive a $0.36 per contract credit for executions against posted interest in IWM and QQQ, and a $0.45 per contract credit for executions against posted interest in SPY.
Highest Applicable Credit Applies
The Exchange states that a Market Maker eligible for more than one posting credit will receive the highest rebate applicable to a transaction. For example, if eligible for a $0.40 credit under one tier and a $0.45 credit under another, the Market Maker would receive the $0.45 credit.
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