NYSE Arca Rearranges Options Rebate Display
Published Date: 7/8/2025
Notice
Summary
NYSE Arca is updating how it shows the Manual Billable Rebate Program in its options fee schedule to make things clearer. This change affects traders using NYSE Arca options and took effect on June 26, 2025. No new fees or rebates are added—just a cleaner, easier-to-understand presentation.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Manual Billable Rebate Amounts and Thresholds
The Fee Schedule describes that FB Prepay Participants receive a base rebate of $0.08 per billable side and a bonus rebate of $0.02 per billable side if they exceed 500,000 billable sides in a month (payable from the first billable side). Additional Submitting Broker QCC Credits: achieving 3.5 million QCC contracts per month (QCC Tier 2) plus at least 350,000 manual billable sides yields a $0.01 rebate per billable side, or with at least 700,000 manual billable sides yields a $0.02 rebate per billable side; the Exchange currently has a $3,000,000 per firm, monthly maximum on rebates when combined with Submitting Broker QCC Credits.
Fee Schedule Presentation Restructured
NYSE Arca changed how it displays the Manual Billable Rebate Program in its options Fee Schedule to improve readability and reduce investor confusion. The change is presentational only and took effect on June 26, 2025.
No Change to Fees or Rebates
The Exchange states it is not proposing any substantive change to the Floor Broker Fixed Cost Prepayment Incentive Program or the Manual Billable Rebate Program; no new fees or rebates are added. The filing confirms the restructured text is intended only for clarity, effective June 26, 2025.
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