NYSE American Gives Brokers a Three-Month Fee Cap Holiday
Published Date: 8/6/2025
Notice
Summary
Starting August 1, 2025, NYSE American is lifting the cap on credits and rebates paid to floor brokers for QCC trades and manual rebates. This means floor brokers can earn more rewards during August, September, and October 2025. If you’re a floor broker, get ready for some extra cash coming your way!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Floor Brokers Can Earn Above $3M Cap
Starting August 1, 2025, NYSE American will waive the $3,000,000 per-month per-Floor Broker firm cap on combined Floor Broker credits for QCC trades and rebates from the Manual Billable Rebate Program for August, September, and October 2025. If you are a Floor Broker firm, this means you can receive credits and rebates above the prior $3,000,000 monthly limit during those three months.
Waiver Aimed to Boost Exchange Liquidity
NYSE American states the waiver for August, September, and October 2025 is intended to incent Floor Brokers to keep directing manual and QCC order flow to the Exchange, which the Exchange says would increase liquidity and benefit all market participants. The Exchange believes the waiver will help maintain or increase order flow and market quality across the Exchange during those months.
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