SEC Hits Pause on NYSE's December Trading Fee Holiday
Published Date: 1/29/2025
Notice
Summary
NYSE Arca wants to skip charging the Options Regulatory Fee (ORF) for all of December 2024 to keep fees fair and balanced. But the SEC has hit pause and is now reviewing if this fee waiver should be approved or not. If approved, traders save money in December, but the usual fee of $0.0038 per share will return in January 2025.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Proposed December ORF Waiver
NYSE Arca proposed to waive the Options Regulatory Fee (ORF) for December 1 through December 31, 2024. That waiver would pause the ORF charges that apply to Options Trading Permit (OTP) Holders and OTP Firms for transactions cleared in the Customer range, with the ORF scheduled to resume at $0.0038 per share on January 1, 2025.
SEC Suspends and Will Review Waiver
On January 23, 2025, the Securities and Exchange Commission temporarily suspended NYSE Arca's proposed ORF waiver and opened proceedings to decide whether to approve or disapprove it. Because the Commission paused the proposal, the waiver is under review and not final while the SEC considers whether the December 2024 waiver and resumption at $0.0038 per share on January 1, 2025 meet statutory standards.
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