2026-03129Notice

NYSE Arca Syncs Fees with Latest SEC Mandates

Published Date: 2/18/2026

Notice

Summary

NYSE Arca is updating its stock trading fees to match new SEC rules that just came out. This change affects traders and brokers using NYSE Arca and starts right away on February 6, 2026. The update tweaks how fees are charged but won’t cause big money surprises—just smoother, fairer costs.

Analyzed Economic Effects

4 provisions identified: 4 benefits, 0 costs, 0 mixed.

Tier Calculations Use Prior Billing Month

If you trade on NYSE Arca as an ETP Holder, fees and credits for a billing month will be calculated based on your trading activity in the prior billing month. This rule change is effective February 6, 2026 and is intended to let market participants determine the applicable fee or rebate at the time of execution.

CADV and ETP Price Use Second Prior Month

For Lead Market Maker (LMM) transaction fees and credits, NYSE Arca will calculate CADV (consolidated average daily volume) and ETP Price using the second prior month rather than the prior month. This change takes effect February 6, 2026 and applies to how LMM transaction fees and credits are determined.

LMM Base Credit Timing Changes

The base credit an LMM earns for adding liquidity will be based on whether the LMM met performance metrics in the prior month, instead of being based on meeting those metrics in the billing month. This amendment is effective February 6, 2026.

Tape B Credits Use Prior Billing Month

Additional Tape B credits for LMMs and Market Makers will use tier calculations based on an ETP Holder's trading activity in the prior billing month, unless noted otherwise. This change is effective February 6, 2026 and modifies how tiered credits are determined.

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Key Dates

Effective Date
Published Date
2/6/2026
2/18/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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